707 Cayman Holdings Limited (NASDAQ:JEM – Get Free Report) was the target of a large decline in short interest during the month of October. As of October 30th, there was short interest totaling 263 shares, a decline of 93.5% from the October 15th total of 4,052 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 10,733 shares, the short-interest ratio is presently 0.0 days.
Wall Street Analyst Weigh In
Several equities analysts have issued reports on the stock. Weiss Ratings cut shares of 707 Cayman from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, August 21st. Wall Street Zen upgraded shares of 707 Cayman to a “hold” rating in a research report on Saturday, July 25th. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock has a consensus rating of “Sell”.
View Our Latest Report on 707 Cayman
707 Cayman Trading Down 3.8%
NASDAQ:JEM traded down $0.09 on Wednesday, hitting $2.32. The stock had a trading volume of 2,922 shares, compared to its average volume of 457,927. The firm’s fifty day simple moving average is $3.36 and its two-hundred day simple moving average is $15.45. 707 Cayman has a 1 year low of $2.21 and a 1 year high of $135.24.
707 Cayman (NASDAQ:JEM – Get Free Report) last announced its 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.
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.
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