Jewett-Cameron Trading Company (NASDAQ:JCTC) Sees Significant Decline in Short Interest

Jewett-Cameron Trading Company (NASDAQ:JCTC) was the target of a significant decrease in short interest in April. As of April 30th, there was short interest totaling 5,511 shares, a decrease of 58.7% from the April 15th total of 13,342 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average daily volume of 19,013 shares, the short-interest ratio is currently 0.3 days.

Jewett-Cameron Trading Trading Down 4.5%

Shares of NASDAQ JCTC traded down $0.09 during trading on Friday, reaching $1.91. 24,320 shares of the company traded hands, compared to its average volume of 24,780. The stock has a market cap of $6.72 million, a P/E ratio of -0.83 and a beta of 0.35. The firm’s fifty day simple moving average is $1.82 and its 200 day simple moving average is $2.10. Jewett-Cameron Trading has a 12-month low of $1.54 and a 12-month high of $4.02.

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Jewett-Cameron Trading in a research report on Friday, April 17th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Jewett-Cameron Trading currently has an average rating of “Sell”.

Insider Activity

In other news, major shareholder Community Foundation Oregon sold 43,980 shares of the company’s stock in a transaction on Friday, February 20th. The stock was sold at an average price of $1.81, for a total transaction of $79,603.80. Following the transaction, the insider directly owned 785,959 shares of the company’s stock, valued at approximately $1,422,585.79. This represents a 5.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders sold 68,675 shares of company stock worth $123,882 over the last 90 days. Corporate insiders own 1.33% of the company’s stock.

Institutional Investors Weigh In On Jewett-Cameron Trading

Several hedge funds have recently modified their holdings of the company. Citadel Advisors LLC purchased a new stake in shares of Jewett-Cameron Trading during the 3rd quarter worth about $77,000. DRW Securities LLC purchased a new stake in shares of Jewett-Cameron Trading during the 4th quarter worth about $44,000. Finally, Susquehanna International Group LLP purchased a new stake in shares of Jewett-Cameron Trading during the 3rd quarter worth about $54,000. 26.05% of the stock is owned by hedge funds and other institutional investors.

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.