Jewett-Cameron Trading Company (NASDAQ:JCTC) Short Interest Up 139.7% in July

Jewett-Cameron Trading Company (NASDAQ:JCTC) saw a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 17,213 shares, a growth of 139.7% from the June 30th total of 7,180 shares. Based on an average trading volume of 27,582 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.5% of the shares of the company are short sold.

Jewett-Cameron Trading Stock Down 2.4%

Shares of JCTC opened at $2.49 on Tuesday. The company has a market cap of $8.76 million, a P/E ratio of -1.06 and a beta of 0.36. Jewett-Cameron Trading has a fifty-two week low of $1.54 and a fifty-two week high of $4.02. The firm’s 50 day moving average price is $2.29 and its 200 day moving average price is $2.03.

Jewett-Cameron Trading (NASDAQ:JCTC) last released its earnings results on Tuesday, July 14th. The company reported ($0.23) earnings per share (EPS) for the quarter. The company had revenue of $9.85 million during the quarter. Jewett-Cameron Trading had a negative net margin of 20.94% and a negative return on equity of 38.35%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered shares of Jewett-Cameron Trading from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday, July 20th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

Insider Transactions at Jewett-Cameron Trading

In other Jewett-Cameron Trading news, major shareholder Ajb Investment Fund Ii, Lp purchased 10,768 shares of the stock in a transaction on Tuesday, July 14th. The shares were bought at an average price of $2.63 per share, for a total transaction of $28,319.84. Following the completion of the transaction, the insider owned 428,158 shares of the company’s stock, valued at $1,126,055.54. This trade represents a 2.58% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder Melinda Hodges Bradley purchased 17,500 shares of the business’s stock in a transaction that occurred on Tuesday, June 30th. The stock was bought at an average cost of $2.38 per share, with a total value of $41,650.00. Following the acquisition, the insider owned 371,007 shares in the company, valued at $882,996.66. This represents a 4.95% increase in their position. The SEC filing for this purchase provides additional information. In the last 90 days, insiders have bought 63,925 shares of company stock valued at $159,436 and have sold 25,000 shares valued at $62,990. Corporate insiders own 1.33% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in JCTC. Susquehanna International Group LLP purchased a new position in shares of Jewett-Cameron Trading in the 3rd quarter valued at approximately $54,000. DRW Securities LLC purchased a new stake in shares of Jewett-Cameron Trading during the fourth quarter worth approximately $44,000. Finally, Citadel Advisors LLC acquired a new stake in shares of Jewett-Cameron Trading during the third quarter worth $77,000. Institutional investors and hedge funds own 26.05% of the company’s stock.

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.