JBDI Holdings Limited (NASDAQ:JBDI) Short Interest Down 57.2% in July

JBDI Holdings Limited (NASDAQ:JBDI) was the target of a significant decrease in short interest in July. As of July 15th, there was short interest totaling 5,751 shares, a decrease of 57.2% from the June 30th total of 13,440 shares. Based on an average daily trading volume, of 56,659 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of JBDI in a research report on Friday, May 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

JBDI Price Performance

JBDI opened at $1.07 on Monday. The company’s 50 day simple moving average is $1.13 and its two-hundred day simple moving average is $1.28. JBDI has a 1-year low of $0.78 and a 1-year high of $6.00. The company has a debt-to-equity ratio of 0.25, a current ratio of 4.46 and a quick ratio of 4.19.

About JBDI

JBDI Holdings Limited engages in the trading of reconditioned and recycling containers in Singapore and the Southeast Asia region. The company offers reconditioning and recycling drums, including open top drums, metal drums, plastic drums, plastic carboys, and intermediate bulk containers, as well as new drums, and collects waste drums and related products. It serves solvent, chemical, petroleum, and edible product oil industries. The company was founded in 1983 and is based in Singapore. JBDI Holdings Limited operates as a subsidiary of E U Holdings Pte.