707 Cayman Holdings Limited (NASDAQ:JEM) Short Interest Down 94.5% in July

707 Cayman Holdings Limited (NASDAQ:JEMGet Free Report) was the recipient of a large decrease in short interest in the month of July. As of July 15th, there was short interest totaling 24,740 shares, a decrease of 94.5% from the June 30th total of 446,478 shares. Approximately 3.7% of the shares of the company are sold short. Based on an average trading volume of 1,198,930 shares, the days-to-cover ratio is currently 0.0 days.

707 Cayman Trading Up 34.0%

Shares of 707 Cayman stock traded up $1.61 during trading on Friday, reaching $6.35. The company’s stock had a trading volume of 15,679,457 shares, compared to its average volume of 2,565,231. The business’s 50-day moving average price is $19.29 and its 200-day moving average price is $25.06. 707 Cayman has a 52 week low of $3.40 and a 52 week high of $1,620.00.

Insiders Place Their Bets

In related news, major shareholder Financial Lp Hrt acquired 125,911 shares of the business’s stock in a transaction on Thursday, July 9th. The stock was purchased at an average cost of $1.07 per share, for a total transaction of $134,724.77. Following the completion of the transaction, the insider directly owned 186,419 shares of the company’s stock, valued at approximately $199,468.33. The trade was a 208.09% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over 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

An institutional investor recently bought a new position in 707 Cayman stock. Geode Capital Management LLC acquired a new stake in 707 Cayman Holdings Limited (NASDAQ:JEMFree Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 13,807 shares of the company’s stock, valued at approximately $72,000. Geode Capital Management LLC owned 0.06% of 707 Cayman as of its most recent SEC filing.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered 707 Cayman from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

View Our Latest Stock Report on JEM

707 Cayman Company Profile

(Get Free Report)

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.

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