Short Interest in Jewett-Cameron Trading Company (NASDAQ:JCTC) Decreases By 51.2%

Jewett-Cameron Trading Company (NASDAQ:JCTCGet 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

In other news, major shareholder Ajb Investment Fund Ii, Lp bought 10,043 shares of the stock in a transaction on Thursday, August 20th. The shares were purchased at an average price of $2.90 per share, for a total transaction of $29,124.70. Following the completion of the purchase, the insider directly owned 466,393 shares of the company’s stock, valued at $1,352,539.70. This trade represents a 2.20% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Community Foundation Oregon sold 176,006 shares of the company’s stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $1.85, for a total value of $325,611.10. Following the completion of the transaction, the insider directly owned 562,528 shares in the company, valued at approximately $1,040,676.80. The trade was a 23.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders bought 112,738 shares of company stock valued at $297,843 and sold 201,006 shares valued at $388,601. Insiders own 1.33% of the company’s stock.

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:JCTCGet 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

(Get Free Report)

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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