Jewett-Cameron Trading Company (NASDAQ:JCTC) Short Interest Update

Jewett-Cameron Trading Company (NASDAQ:JCTC) was the recipient of a significant increase in short interest in May. As of May 29th, there was short interest totaling 32,040 shares, an increase of 1,288.8% from the May 14th total of 2,307 shares. Currently, 0.9% of the company’s stock are short sold. Based on an average daily volume of 41,862 shares, the short-interest ratio is presently 0.8 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of Jewett-Cameron Trading from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, May 29th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

Jewett-Cameron Trading Stock Down 3.8%

JCTC traded down $0.08 on Tuesday, reaching $1.93. The company had a trading volume of 17,585 shares, compared to its average volume of 33,905. Jewett-Cameron Trading has a 1 year low of $1.54 and a 1 year high of $4.02. The stock has a market capitalization of $6.78 million, a PE ratio of -0.84 and a beta of 0.39. The stock has a 50-day moving average price of $1.94 and a 200-day moving average price of $2.01.

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 during the quarter.

Institutional Investors Weigh In On Jewett-Cameron Trading

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Citadel Advisors LLC purchased a new stake in Jewett-Cameron Trading in the third quarter valued at $77,000. DRW Securities LLC purchased a new stake in shares of Jewett-Cameron Trading in the fourth quarter valued at about $44,000. Finally, Susquehanna International Group LLP purchased a new stake in shares of Jewett-Cameron Trading in the third quarter valued at about $54,000. 26.05% of the stock is owned by hedge funds and other institutional investors.

About Jewett-Cameron Trading

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.