JBDI Holdings Limited (NASDAQ:JBDI) Sees Significant Increase in Short Interest

JBDI Holdings Limited (NASDAQ:JBDI) saw a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 40,057 shares, an increase of 596.5% from the July 15th total of 5,751 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average daily trading volume, of 81,088 shares, the short-interest ratio is currently 0.5 days.

JBDI Stock Performance

Shares of JBDI stock traded down $0.03 during mid-day trading on Thursday, reaching $1.32. 12,473 shares of the company were exchanged, compared to its average volume of 133,595. The company has a quick ratio of 4.19, a current ratio of 4.46 and a debt-to-equity ratio of 0.25. The business’s 50 day simple moving average is $1.20 and its 200 day simple moving average is $1.28. JBDI has a fifty-two week low of $0.78 and a fifty-two week high of $6.00.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded JBDI from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, July 29th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

About JBDI

JBDI Holdings Limited engages in the trading of reconditioned and recycling containers in Singapore and the Southeast Asia region. The company offers reconditioning and recycling drums, including open top drums, metal drums, plastic drums, plastic carboys, and intermediate bulk containers, as well as new drums, and collects waste drums and related products. It serves solvent, chemical, petroleum, and edible product oil industries. The company was founded in 1983 and is based in Singapore. JBDI Holdings Limited operates as a subsidiary of E U Holdings Pte.