JBDI Holdings Limited (NASDAQ:JBDI) Short Interest Down 49.4% in January

JBDI Holdings Limited (NASDAQ:JBDI) was the target of a significant decline in short interest during the month of January. As of January 15th, there was short interest totaling 16,018 shares, a decline of 49.4% from the December 31st total of 31,667 shares. Based on an average daily volume of 16,283 shares, the days-to-cover ratio is currently 1.0 days. Currently, 0.1% of the shares of the stock are sold short. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 16,283 shares, the days-to-cover ratio is currently 1.0 days.

JBDI Stock Performance

Shares of JBDI stock traded up $0.02 during trading hours on Friday, reaching $0.60. 23,864 shares of the stock traded hands, compared to its average volume of 16,316. The company has a 50 day moving average price of $0.78 and a 200 day moving average price of $1.14. The company has a current ratio of 3.18, a quick ratio of 3.00 and a debt-to-equity ratio of 0.26. JBDI has a one year low of $0.49 and a one year high of $3.00.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of JBDI in a report on Friday, October 31st. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.

JBDI Company Profile

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.