Jewett-Cameron Trading Company (NASDAQ:JCTC) Sees Large Growth in Short Interest

Jewett-Cameron Trading Company (NASDAQ:JCTC) was the target of a significant growth in short interest in May. As of May 29th, there was short interest totaling 32,040 shares, a growth of 1,288.8% from the May 14th total of 2,307 shares. Based on an average trading volume of 41,862 shares, the short-interest ratio is currently 0.8 days. Currently, 0.9% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded Jewett-Cameron Trading from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, May 29th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.

Institutional Investors Weigh In On Jewett-Cameron Trading

Large investors have recently made changes to their positions in the company. Susquehanna International Group LLP bought a new stake in shares of Jewett-Cameron Trading in the third quarter worth about $54,000. DRW Securities LLC purchased a new position in shares of Jewett-Cameron Trading during the fourth quarter valued at approximately $44,000. Finally, Citadel Advisors LLC purchased a new position in shares of Jewett-Cameron Trading during the third quarter valued at approximately $77,000. 26.05% of the stock is owned by institutional investors.

Jewett-Cameron Trading Price Performance

Shares of JCTC stock traded up $0.28 during trading hours on Thursday, hitting $2.12. The stock had a trading volume of 13,228 shares, compared to its average volume of 25,747. Jewett-Cameron Trading has a one year low of $1.54 and a one year high of $4.02. The stock’s 50-day moving average price is $1.94 and its two-hundred day moving average price is $2.01. The stock has a market capitalization of $7.46 million, a price-to-earnings ratio of -0.91 and a beta of 0.39.

Jewett-Cameron Trading (NASDAQ:JCTC) last issued its earnings results on Monday, April 13th. The company reported ($0.35) earnings per share (EPS) for the quarter. Jewett-Cameron Trading had a negative return on equity of 33.33% and a negative net margin of 19.19%.The firm had revenue of $10.54 million during the quarter.

Jewett-Cameron Trading Company Profile

Jewett-Cameron Trading Company Ltd. is a supplier of `Value-added` building materials to major home improvement center chains in the western United States. The Company concentrates on the residential repair and remodeling segment of the building materials industry.