707 Cayman Holdings Limited (NASDAQ:JEM) Short Interest Down 94.5% in July

707 Cayman Holdings Limited (NASDAQ:JEM) saw a large drop in short interest in July. As of July 15th, there was short interest totaling 24,740 shares, a drop of 94.5% from the June 30th total of 446,478 shares. Currently, 3.7% of the company’s stock are sold short. Based on an average trading volume of 1,198,930 shares, the short-interest ratio is presently 0.0 days.

707 Cayman Stock Up 34.0%

Shares of JEM stock traded up $1.61 during trading on Friday, reaching $6.35. 15,679,457 shares of the company’s stock were exchanged, compared to its average volume of 2,565,231. 707 Cayman has a twelve month low of $3.40 and a twelve month high of $1,620.00. The firm’s fifty day moving average price is $19.29 and its 200-day moving average price is $25.06.

Insider Buying and Selling at 707 Cayman

In related news, major shareholder Financial Lp Hrt bought 125,911 shares of the stock in a transaction that occurred on Thursday, July 9th. The shares were acquired at an average price of $1.07 per share, with a total value of $134,724.77. Following the completion of the transaction, the insider owned 186,419 shares in the company, valued at $199,468.33. The trade was a 208.09% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last three months, insiders bought 147,842 shares of company stock valued at $456,127 and sold 61,812 shares valued at $185,017.

Hedge Funds Weigh In On 707 Cayman

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

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded shares of 707 Cayman from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

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.