707 Cayman Holdings Limited (NASDAQ:JEM) Short Interest Down 77.9% in August

707 Cayman Holdings Limited (NASDAQ:JEM) was the recipient of a significant decline in short interest in the month of August. As of August 14th, there was short interest totaling 15,179 shares, a decline of 77.9% from the July 30th total of 68,740 shares. Currently, 2.3% of the shares of the stock are sold short. Based on an average trading volume of 58,774 shares, the short-interest ratio is presently 0.3 days.

Insider Buying and Selling

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

Institutional Trading of 707 Cayman

A hedge fund recently bought a new position in 707 Cayman stock. Geode Capital Management LLC purchased a new stake in 707 Cayman Holdings Limited (NASDAQ:JEM) during the second quarter, according to its most recent filing with the SEC. The firm purchased 13,807 shares of the company’s stock, valued at approximately $72,000. Geode Capital Management LLC owned 0.06% of 707 Cayman at the end of the most recent reporting period.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Wall Street Zen upgraded shares of 707 Cayman to a “hold” rating in a research report on Saturday, July 25th. Weiss Ratings downgraded shares of 707 Cayman from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of “Sell”.

707 Cayman Price Performance

Shares of NASDAQ:JEM opened at $6.80 on Wednesday. 707 Cayman has a 1-year low of $3.40 and a 1-year high of $885.60. The business has a 50-day moving average price of $12.39 and a two-hundred day moving average price of $18.65.

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

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.