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

707 Cayman Holdings Limited (NASDAQ:JEM) was the target of a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 31,816 shares, an increase of 109.6% from the August 15th total of 15,179 shares. Based on an average daily volume of 2,062,199 shares, the days-to-cover ratio is presently 0.0 days. Currently, 4.7% of the company’s stock are short sold.

Analysts Set New Price Targets

A number of research firms have weighed in on JEM. Weiss Ratings lowered shares of 707 Cayman from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, August 21st. Wall Street Zen upgraded shares of 707 Cayman to a “hold” rating in a report on Saturday, July 25th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.

707 Cayman Stock Performance

Shares of 707 Cayman stock traded down $0.09 on Tuesday, hitting $3.88. The company had a trading volume of 13,912 shares, compared to its average volume of 560,415. 707 Cayman has a 1 year low of $3.40 and a 1 year high of $135.24. The stock has a 50 day moving average of $5.33 and a 200-day moving average of $16.20.

707 Cayman (NASDAQ:JEM) last announced its earnings results on Monday, August 10th. The company reported ($41.30) earnings per share (EPS) for the quarter. The company had revenue of $2.22 million during the quarter.

Insider Transactions at 707 Cayman

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

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.