707 Cayman Holdings Limited (NASDAQ:JEM) Short Interest Update

707 Cayman Holdings Limited (NASDAQ:JEM) was the recipient of a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 446,478 shares, a growth of 95.9% from the June 15th total of 227,928 shares. Approximately 24.8% of the shares of the stock are sold short. Based on an average daily volume of 13,460,215 shares, the short-interest ratio is presently 0.0 days.

Analysts Set New Price Targets

Separately, Weiss Ratings raised 707 Cayman from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, July 2nd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Insiders Place Their Bets

In other 707 Cayman news, major shareholder Financial Lp Hrt sold 4,034 shares of the stock in a transaction on Friday, July 10th. The stock was sold at an average price of $7.20, for a total transaction of $29,044.80. Following the completion of the transaction, the insider directly owned 11,500 shares of the company’s stock, valued at approximately $82,800. This trade represents a 25.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last three months, insiders purchased 147,842 shares of company stock valued at $456,127 and sold 61,812 shares valued at $185,017.

Institutional Investors Weigh In On 707 Cayman

A hedge fund recently bought a new position in 707 Cayman stock. Geode Capital Management LLC bought a new position in 707 Cayman Holdings Limited (NASDAQ:JEM) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 13,807 shares of the company’s stock, valued at approximately $72,000. Geode Capital Management LLC owned 0.06% of 707 Cayman as of its most recent SEC filing.

707 Cayman Stock Performance

Shares of JEM traded down $0.20 during mid-day trading on Thursday, hitting $5.29. The company’s stock had a trading volume of 123,962 shares, compared to its average volume of 220,098. The firm has a 50-day moving average price of $20.81 and a 200 day moving average price of $26.86. 707 Cayman has a fifty-two week low of $4.50 and a fifty-two week high of $1,620.00.

707 Cayman Company Profile

We are a Hong Kong-based company that sells quality apparel products and provides supply chain management total solutions to our customers spanning from Western Europe, North America to the Middle East. We were founded in 2021 and became wholly-owned by Mr. Cheung, executive director and chief executive officer, in May 2022 and have grown, in a short period of time, building relationships with a diverse range of customers. Our customers include mid-size brand owners and apparel companies that have comprehensive operations with private labels that are sold worldwide.