707 Cayman Holdings Limited (NASDAQ:JEM – Get Free Report) saw a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 4,052 shares, a drop of 63.6% from the September 30th total of 11,134 shares. Based on an average trading volume of 17,276 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.6% of the shares of the stock are sold short.
707 Cayman Price Performance
NASDAQ JEM traded down $0.23 during trading on Friday, reaching $2.95. The company’s stock had a trading volume of 9,437 shares, compared to its average volume of 14,454. The firm has a fifty day moving average of $3.70 and a 200 day moving average of $17.00. 707 Cayman has a one year low of $2.39 and a one year high of $135.24.
707 Cayman (NASDAQ:JEM – Get Free Report) last issued its quarterly earnings results on Monday, August 10th. The company reported ($41.29) earnings per share (EPS) for the quarter. The firm had revenue of $2.22 million during the quarter.
Analyst Upgrades and Downgrades
JEM has been the topic of a number of analyst reports. Wall Street Zen raised shares of 707 Cayman to a “hold” rating in a report on Saturday, July 25th. Weiss Ratings downgraded shares of 707 Cayman from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, August 21st. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.
Check Out Our Latest Stock Report on 707 Cayman
About 707 Cayman
707 Cayman is a Cayman Islands-incorporated special purpose acquisition company (SPAC) that trades on the Nasdaq Stock Market under the symbol JEM. The company was established to pursue a business combination, such as a merger, share exchange, asset acquisition, or similar transaction, with one or more operating businesses.
Unlike an operating company, 707 Cayman does not currently offer its own products or services and does not appear to have established commercial operations. Its principal activity is evaluating potential acquisition opportunities and seeking shareholder approval for a proposed transaction.
The company’s geographic focus, target industry, completed transactions, and current leadership information are not sufficiently documented in the available public information.
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