707 Cayman Holdings Limited (NASDAQ:JEM) Shares Shorted: Short Interest Down 93.5% in October

707 Cayman Holdings Limited (NASDAQ:JEM) was the target of a significant decline in short interest in the month of October. As of October 30th, there was short interest totaling 263 shares, a decline of 93.5% from the October 15th total of 4,052 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 10,733 shares, the days-to-cover ratio is currently 0.0 days.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Weiss Ratings lowered 707 Cayman from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, August 21st. Wall Street Zen raised 707 Cayman to a “hold” rating in a report on Saturday, July 25th. One 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”.

707 Cayman Trading Down 5.3%

JEM stock traded down $0.14 during midday trading on Tuesday, reaching $2.42. 6,190 shares of the company’s stock traded hands, compared to its average volume of 460,041. The company has a 50-day simple moving average of $3.40 and a two-hundred day simple moving average of $15.74. 707 Cayman has a 1-year low of $2.21 and a 1-year high of $135.24.

707 Cayman (NASDAQ:JEM) last posted its quarterly earnings data on Monday, August 10th. The company reported ($41.29) EPS for the quarter. The business had revenue of $2.22 million during the quarter.

707 Cayman Company Profile

707 Cayman is a Cayman Islands-incorporated special purpose acquisition company (SPAC) that trades on the Nasdaq Stock Market under the symbol JEM. The company was established to pursue a business combination, such as a merger, share exchange, asset acquisition, or similar transaction, with one or more operating businesses. Unlike an operating company, 707 Cayman does not currently offer its own products or services and does not appear to have established commercial operations. Its principal activity is evaluating potential acquisition opportunities and seeking shareholder approval for a proposed transaction.