JFB Construction Holding (NASDAQ:JFB) Short Interest Up 28.1% in March

JFB Construction Holding (NASDAQ:JFB) saw a large increase in short interest in the month of March. As of March 13th, there was short interest totaling 165,502 shares, an increase of 28.1% from the February 26th total of 129,191 shares. Based on an average daily volume of 162,444 shares, the days-to-cover ratio is currently 1.0 days. Approximately 2.4% of the company’s stock are sold short.

JFB Construction Trading Down 5.7%

JFB stock opened at $6.12 on Wednesday. The firm has a market capitalization of $85.86 million and a PE ratio of -32.21. JFB Construction has a twelve month low of $1.80 and a twelve month high of $17.55. The business’s 50 day moving average is $6.20.

JFB Construction (NASDAQ:JFB) last issued its earnings results on Tuesday, March 31st. The company reported ($0.12) earnings per share (EPS) for the quarter. JFB Construction had a negative net margin of 14.07% and a negative return on equity of 31.22%. The company had revenue of $12.45 million during the quarter.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Nomura Holdings Inc. acquired a new position in JFB Construction in the third quarter valued at $258,000. Yorkville Advisors Global LP purchased a new position in shares of JFB Construction during the third quarter worth about $258,000. Geode Capital Management LLC increased its position in JFB Construction by 21.1% in the 4th quarter. Geode Capital Management LLC now owns 12,434 shares of the company’s stock valued at $182,000 after acquiring an additional 2,168 shares during the period. Marshall Wace LLP acquired a new position in JFB Construction in the 4th quarter valued at about $604,000. Finally, 683 Capital Management LLC purchased a new stake in JFB Construction during the 4th quarter valued at approximately $389,000.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on JFB shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of JFB Construction in a research note on Friday. Wall Street Zen upgraded shares of JFB Construction from a “sell” rating to a “hold” rating in a research note on Saturday, January 10th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

About JFB Construction

JFB is a commercial and residential real estate construction and development company. The Company’s management is dedicated to delivering high-quality services to commercial and residential markets, such as retail corporate buildouts, multifamily community developments and luxury residential homes, with a focus on fostering long-term relationships with clients, partners, and communities. Our comprehensive suite of services encompasses everything from initial project planning and design to the final stages of construction and project management.