JE Cleantech Holdings Limited (NASDAQ:JCSE) Sees Significant Decline in Short Interest

JE Cleantech Holdings Limited (NASDAQ:JCSE) was the target of a large drop in short interest during the month of June. As of June 30th, there was short interest totaling 8,787 shares, a drop of 47.2% from the June 15th total of 16,641 shares. Approximately 0.5% of the company’s shares are short sold. Based on an average trading volume of 21,817 shares, the short-interest ratio is currently 0.4 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d)” rating on shares of JE Cleantech in a research report on Wednesday, June 24th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

JE Cleantech Stock Performance

NASDAQ JCSE traded down $0.02 on Friday, hitting $1.33. The company’s stock had a trading volume of 3,824 shares, compared to its average volume of 759,411. JE Cleantech has a 52-week low of $0.77 and a 52-week high of $2.50. The company’s 50-day simple moving average is $1.31 and its 200 day simple moving average is $1.28. The company has a current ratio of 2.72, a quick ratio of 1.81 and a debt-to-equity ratio of 0.16.

JE Cleantech (NASDAQ:JCSE) last posted its earnings results on Friday, May 8th. The company reported $0.30 earnings per share (EPS) for the quarter. The business had revenue of $5.33 million for the quarter.

JE Cleantech Company Profile

JE Cleantech Holdings Ltd. is an Israel-based environmental technology firm specializing in advanced water and wastewater treatment solutions. The company designs, manufactures and markets a suite of modular treatment systems that integrate proprietary membrane filtration, advanced oxidation processes, biological treatment and customized chemical formulations. Its offerings address water purification, recycling and process water challenges across municipal, industrial and agricultural end markets.

Through a combination of standardized equipment platforms and bespoke engineering services, JE Cleantech helps clients meet stringent regulatory requirements, reduce freshwater intake and lower overall treatment costs.