Jewett-Cameron Trading Company (NASDAQ:JCTC – Get Free Report) was the target of a significant decrease in short interest in April. As of April 30th, there was short interest totaling 5,511 shares, a decrease of 58.7% from the April 15th total of 13,342 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 19,013 shares, the days-to-cover ratio is currently 0.3 days.
Insider Activity
In related news, major shareholder Community Foundation Oregon sold 43,980 shares of the firm’s stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $1.81, for a total value of $79,603.80. Following the sale, the insider owned 785,959 shares of the company’s stock, valued at $1,422,585.79. This trade represents a 5.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold a total of 68,675 shares of company stock worth $123,882 over the last 90 days. 1.33% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On Jewett-Cameron Trading
Hedge funds have recently added to or reduced their stakes in the stock. Susquehanna International Group LLP purchased a new position in Jewett-Cameron Trading in the third quarter valued at approximately $54,000. DRW Securities LLC purchased a new position in Jewett-Cameron Trading in the fourth quarter valued at approximately $44,000. Finally, Citadel Advisors LLC purchased a new position in Jewett-Cameron Trading in the third quarter valued at approximately $77,000. 26.05% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Read Our Latest Stock Analysis on Jewett-Cameron Trading
Jewett-Cameron Trading Stock Down 4.5%
Shares of NASDAQ:JCTC opened at $1.91 on Friday. The firm’s 50 day moving average price is $1.82 and its 200 day moving average price is $2.10. The stock has a market cap of $6.72 million, a price-to-earnings ratio of -0.83 and a beta of 0.35. Jewett-Cameron Trading has a fifty-two week low of $1.54 and a fifty-two week high of $4.02.
Jewett-Cameron Trading (NASDAQ:JCTC – Get Free Report) last issued its earnings results on Monday, April 13th. The company reported ($0.35) earnings per share for the quarter. The firm had revenue of $10.54 million during the quarter. Jewett-Cameron Trading had a negative net margin of 19.19% and a negative return on equity of 33.33%.
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.
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