Short Interest in JBDI Holdings Limited (NASDAQ:JBDI) Increases By 448.8%

JBDI Holdings Limited (NASDAQ:JBDI) was the recipient of a large increase in short interest in May. As of May 29th, there was short interest totaling 42,404 shares, an increase of 448.8% from the May 14th total of 7,727 shares. Based on an average daily volume of 952,044 shares, the short-interest ratio is presently 0.0 days. Approximately 0.2% of the company’s stock are short sold.

JBDI Trading Up 18.2%

Shares of JBDI stock traded up $0.11 during trading hours on Thursday, hitting $0.71. 626,565 shares of the company’s stock traded hands, compared to its average volume of 498,282. The stock has a 50 day simple moving average of $0.57 and a 200-day simple moving average of $0.70. The company has a quick ratio of 4.19, a current ratio of 4.46 and a debt-to-equity ratio of 0.25. JBDI has a twelve month low of $0.39 and a twelve month high of $3.00.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of JBDI in a report on Friday, May 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

About JBDI

JBDI Holdings Limited engages in the trading of reconditioned and recycling containers in Singapore and the Southeast Asia region. The company offers reconditioning and recycling drums, including open top drums, metal drums, plastic drums, plastic carboys, and intermediate bulk containers, as well as new drums, and collects waste drums and related products. It serves solvent, chemical, petroleum, and edible product oil industries. The company was founded in 1983 and is based in Singapore. JBDI Holdings Limited operates as a subsidiary of E U Holdings Pte.