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

Jewett-Cameron Trading Company (NASDAQ:JCTC) was the target of a significant decrease in short interest during the month of August. As of August 14th, there was short interest totaling 11,821 shares, a decrease of 51.2% from the July 30th total of 24,242 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average daily volume of 21,040 shares, the days-to-cover ratio is currently 0.6 days.

Analyst Ratings Changes

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 investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell”.

Jewett-Cameron Trading Price Performance

NASDAQ JCTC remained flat at $2.96 during trading on Monday. The company’s stock had a trading volume of 4,066 shares, compared to its average volume of 25,553. The firm has a market cap of $10.42 million, a P/E ratio of -1.26 and a beta of 0.34. The company has a 50 day moving average price of $2.68 and a 200-day moving average price of $2.17. Jewett-Cameron Trading has a 12-month low of $1.54 and a 12-month high of $3.82.

Jewett-Cameron Trading (NASDAQ:JCTC) last posted its quarterly earnings data on Tuesday, July 14th. The company reported ($0.23) earnings per share (EPS) for the quarter. The business had revenue of $9.85 million during the quarter. Jewett-Cameron Trading had a negative net margin of 20.94% and a negative return on equity of 38.35%.

Insider Activity at Jewett-Cameron Trading

In related news, major shareholder Melinda Hodges Bradley bought 17,500 shares of the firm’s stock in a transaction dated Tuesday, June 30th. The stock was bought at an average cost of $2.38 per share, for a total transaction of $41,650.00. Following the transaction, the insider owned 371,007 shares of the company’s stock, valued at $882,996.66. This represents a 4.95% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Community Foundation Oregon sold 176,006 shares of the stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $1.85, for a total transaction of $325,611.10. Following the completion of the sale, the insider owned 562,528 shares in the company, valued at $1,040,676.80. This represents 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 quarter, insiders purchased 112,738 shares of company stock worth $297,843 and sold 201,006 shares worth $388,601. 1.33% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Jewett-Cameron Trading

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Citadel Advisors LLC bought a new position in shares of Jewett-Cameron Trading in the 3rd quarter valued at about $77,000. DRW Securities LLC bought a new stake in Jewett-Cameron Trading during the fourth quarter worth about $44,000. Finally, Susquehanna International Group LLP acquired a new position in Jewett-Cameron Trading during the third quarter valued at approximately $54,000. 26.05% of the stock is owned by institutional investors.

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.