Jewett-Cameron Trading Company (NASDAQ:JCTC – Get Free Report) saw a large growth in short interest in August. As of August 31st, there was short interest totaling 29,736 shares, a growth of 151.6% from the August 15th total of 11,821 shares. Currently, 0.9% of the company’s stock are sold short. Based on an average trading volume of 34,083 shares, the short-interest ratio is presently 0.9 days.
Jewett-Cameron Trading Trading Up 1.2%
Shares of Jewett-Cameron Trading stock traded up $0.04 during trading on Tuesday, hitting $2.94. 5,105 shares of the stock were exchanged, compared to its average volume of 24,727. The company has a fifty day moving average price of $2.81 and a 200-day moving average price of $2.25. The stock has a market capitalization of $10.33 million, a price-to-earnings ratio of -1.25 and a beta of 0.36. Jewett-Cameron Trading has a 1-year low of $1.54 and a 1-year high of $3.82.
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 return on equity of 38.35% and a negative net margin of 20.94%.The business had revenue of $9.85 million for the quarter.
Wall Street Analyst Weigh In
Separately, Weiss Ratings raised Jewett-Cameron Trading from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, August 5th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.
Get Our Latest Stock Report on JCTC
Insider Activity
In related news, major shareholder Ajb Investment Fund Ii, Lp purchased 34,000 shares of Jewett-Cameron Trading stock in a transaction that occurred on Tuesday, July 7th. The stock was purchased at an average cost of $2.51 per share, with a total value of $85,340.00. Following the completion of the transaction, the insider owned 416,016 shares of the company’s stock, valued at approximately $1,044,200.16. This trade represents a 8.90% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Melinda Hodges Bradley purchased 17,500 shares of Jewett-Cameron Trading stock in a transaction that occurred on Tuesday, June 30th. The shares were bought at an average cost of $2.38 per share, with a total value of $41,650.00. Following the completion of the transaction, the insider directly owned 371,007 shares of the company’s stock, valued at approximately $882,996.66. The trade was a 4.95% increase in their position. The SEC filing for this purchase provides additional information. In the last quarter, insiders purchased 127,067 shares of company stock worth $339,555 and sold 201,006 shares worth $388,601. 1.33% of the stock is owned by corporate insiders.
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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