Short Interest in 707 Cayman Holdings Limited (NASDAQ:JEM) Declines By 44.2%

707 Cayman Holdings Limited (NASDAQ:JEM) was the recipient of a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 41,427 shares, a decline of 44.2% from the May 14th total of 74,279 shares. Based on an average trading volume of 143,092 shares, the short-interest ratio is presently 0.3 days. Approximately 2.3% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of 707 Cayman in a research report on Friday, May 29th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.

Institutional Investors Weigh In On 707 Cayman

A hedge fund recently bought a new stake in 707 Cayman stock. Geode Capital Management LLC acquired a new position in 707 Cayman Holdings Limited (NASDAQ:JEM) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 13,807 shares of the company’s stock, valued at approximately $72,000. Geode Capital Management LLC owned approximately 0.06% of 707 Cayman as of its most recent SEC filing.

707 Cayman Stock Performance

NASDAQ:JEM traded up $0.11 during trading hours on Friday, reaching $2.18. 6,746,046 shares of the company were exchanged, compared to its average volume of 320,837. 707 Cayman has a 52-week low of $1.02 and a 52-week high of $158.00. The stock has a 50 day simple moving average of $1.64 and a 200 day simple moving average of $2.68.

About 707 Cayman

We are a Hong Kong-based company that sells quality apparel products and provides supply chain management total solutions to our customers spanning from Western Europe, North America to the Middle East. We were founded in 2021 and became wholly-owned by Mr. Cheung, executive director and chief executive officer, in May 2022 and have grown, in a short period of time, building relationships with a diverse range of customers. Our customers include mid-size brand owners and apparel companies that have comprehensive operations with private labels that are sold worldwide.