Short Interest in Jewett-Cameron Trading Company (NASDAQ:JCTC) Drops By 73.2%

Jewett-Cameron Trading Company (NASDAQ:JCTC) was the target of a significant decrease in short interest during the month of June. As of June 15th, there was short interest totaling 8,602 shares, a decrease of 73.2% from the May 31st total of 32,040 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average trading volume of 27,500 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Investors Weigh In On Jewett-Cameron Trading

A number of hedge funds have recently bought and sold shares of JCTC. DRW Securities LLC purchased a new stake in Jewett-Cameron Trading in the fourth quarter worth $44,000. Susquehanna International Group LLP purchased a new stake in Jewett-Cameron Trading during the third quarter valued at approximately $54,000. Finally, Citadel Advisors LLC acquired a new stake in shares of Jewett-Cameron Trading in the 3rd quarter worth $77,000. Hedge funds and other institutional investors own 26.05% of the company’s stock.

Jewett-Cameron Trading Stock Up 1.6%

Shares of JCTC opened at $2.23 on Friday. The stock has a market capitalization of $7.87 million, a P/E ratio of -0.97 and a beta of 0.39. The firm has a fifty day simple moving average of $2.04 and a two-hundred day simple moving average of $1.99. Jewett-Cameron Trading has a twelve month low of $1.54 and a twelve month high of $4.02.

Jewett-Cameron Trading (NASDAQ:JCTC) last issued its earnings results on Monday, April 13th. The company reported ($0.35) EPS for the quarter. Jewett-Cameron Trading had a negative net margin of 19.19% and a negative return on equity of 33.33%. The business had revenue of $10.54 million for the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded Jewett-Cameron Trading from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, June 15th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

Jewett-Cameron Trading Company Profile

Jewett-Cameron Trading Company Ltd. is a supplier of `Value-added` building materials to major home improvement center chains in the western United States. The Company concentrates on the residential repair and remodeling segment of the building materials industry.