Short Interest in JFB Construction Holding (NASDAQ:JFB) Grows By 100.7%

JFB Construction Holding (NASDAQ:JFB) was the target of a significant increase in short interest in February. As of February 27th, there was short interest totaling 129,191 shares, an increase of 100.7% from the February 12th total of 64,374 shares. Currently, 1.4% of the shares of the stock are sold short. Based on an average daily volume of 321,993 shares, the short-interest ratio is presently 0.4 days. Based on an average daily volume of 321,993 shares, the short-interest ratio is presently 0.4 days. Currently, 1.4% of the shares of the stock are sold short.

Institutional Trading of JFB Construction

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

JFB Construction Trading Up 3.5%

JFB stock traded up $0.62 during midday trading on Friday, reaching $18.54. The stock had a trading volume of 126,687 shares, compared to its average volume of 231,229. JFB Construction has a 52-week low of $3.54 and a 52-week high of $35.10. The firm has a fifty day moving average price of $21.83. The stock has a market cap of $129.97 million and a P/E ratio of -50.11.

Shares of JFB Construction are set to split on the morning of Friday, March 20th. The 2-1 split was recently announced. The newly issued shares will be distributed to shareholders after the market closes on Thursday, March 19th.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on JFB shares. Wall Street Zen raised shares of JFB Construction from a “sell” rating to a “hold” rating in a research note on Saturday, January 10th. Weiss Ratings reiterated a “sell (d-)” rating on shares of JFB Construction in a research note on Monday, December 29th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock 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.