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

Jewett-Cameron Trading Company (NASDAQ:JCTC) was the target of a large decline in short interest during the month of August. As of August 14th, there was short interest totaling 11,821 shares, a decline of 51.2% from the July 30th total of 24,242 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average trading volume of 21,040 shares, the days-to-cover ratio is currently 0.6 days.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded shares of Jewett-Cameron Trading from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, August 5th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Jewett-Cameron Trading has a consensus rating of “Sell”.

Jewett-Cameron Trading Price Performance

Jewett-Cameron Trading stock traded up $0.03 during mid-day trading on Friday, hitting $2.96. The company’s stock had a trading volume of 3,389 shares, compared to its average volume of 29,897. The firm’s 50 day moving average is $2.68 and its 200 day moving average is $2.17. The company has a market cap of $10.42 million, a PE ratio of -1.26 and a beta of 0.34. Jewett-Cameron Trading has a 52-week low of $1.54 and a 52-week high of $3.82.

Jewett-Cameron Trading (NASDAQ:JCTC) last released its earnings results on Tuesday, July 14th. The company reported ($0.23) earnings per share for the quarter. The business had revenue of $9.85 million for the quarter. Jewett-Cameron Trading had a negative net margin of 20.94% and a negative return on equity of 38.35%.

Insider Buying and Selling

In related news, major shareholder Melinda Hodges Bradley purchased 17,500 shares of the firm’s stock in a transaction that occurred on Tuesday, June 30th. The stock was acquired at an average price of $2.38 per share, for a total transaction of $41,650.00. Following the transaction, the insider directly owned 371,007 shares of the company’s stock, valued at $882,996.66. This trade represents a 4.95% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder Ajb Investment Fund Ii, Lp purchased 34,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 7th. The stock was bought at an average price of $2.51 per share, with a total value of $85,340.00. Following the transaction, the insider directly owned 416,016 shares in the company, valued at $1,044,200.16. This trade represents a 8.90% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders have purchased 112,738 shares of company stock worth $297,843 and have sold 201,006 shares worth $388,601. Insiders own 1.33% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Citadel Advisors LLC purchased a new stake in Jewett-Cameron Trading in the 3rd quarter worth approximately $77,000. DRW Securities LLC purchased a new position in shares of Jewett-Cameron Trading during the 4th quarter valued at $44,000. Finally, Susquehanna International Group LLP purchased a new position in shares of Jewett-Cameron Trading during the 3rd quarter valued at $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.