Jewett-Cameron Trading Company (NASDAQ:JCTC – Get Free Report) was the recipient of a significant drop in short interest during the month of August. As of August 14th, there was short interest totaling 11,821 shares, a drop of 51.2% from the July 30th total of 24,242 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average daily volume of 21,040 shares, the short-interest ratio is currently 0.6 days.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings raised shares of Jewett-Cameron Trading from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, August 5th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.
View Our Latest Analysis on Jewett-Cameron Trading
Insider Activity at Jewett-Cameron Trading
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in JCTC. Citadel Advisors LLC acquired a new stake in shares of Jewett-Cameron Trading in the third quarter worth $77,000. Susquehanna International Group LLP acquired a new position in shares of Jewett-Cameron Trading during the 3rd quarter worth about $54,000. Finally, DRW Securities LLC acquired a new position in shares of Jewett-Cameron Trading during the 4th quarter worth about $44,000. 26.05% of the stock is owned by institutional investors.
Jewett-Cameron Trading Price Performance
NASDAQ:JCTC traded up $0.03 during trading hours on Friday, reaching $2.96. The company’s stock had a trading volume of 3,389 shares, compared to its average volume of 29,897. The company has a market cap of $10.42 million, a price-to-earnings ratio of -1.26 and a beta of 0.34. Jewett-Cameron Trading has a one year low of $1.54 and a one year high of $3.82. The business’s 50-day moving average is $2.68 and its 200-day moving average is $2.17.
Jewett-Cameron Trading (NASDAQ:JCTC – Get Free Report) last posted its earnings results on Tuesday, July 14th. The company reported ($0.23) earnings per share for the quarter. Jewett-Cameron Trading had a negative net margin of 20.94% and a negative return on equity of 38.35%. The company had revenue of $9.85 million for the quarter.
About Jewett-Cameron Trading
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.
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