JE Cleantech Holdings Limited (NASDAQ:JCSE) Shares Shorted: Short Interest Up 647.5% in October

JE Cleantech Holdings Limited (NASDAQ:JCSE) saw a significant growth in short interest during the month of October. As of October 30th, there was short interest totaling 16,251 shares, a growth of 647.5% from the October 15th total of 2,174 shares. Based on an average trading volume of 12,689 shares, the short-interest ratio is presently 1.3 days. Currently, 0.9% of the company’s stock are sold short.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of JE Cleantech from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, October 29th. One analyst has rated the stock with a Buy rating. According to MarketBeat.com, the stock has a consensus rating of “Buy”.

JE Cleantech Stock Down 2.9%

JCSE opened at $1.55 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.87 and a quick ratio of 1.51. JE Cleantech has a 12-month low of $0.77 and a 12-month high of $2.50. The firm has a 50 day moving average of $1.50 and a two-hundred day moving average of $1.32.

JE Cleantech (NASDAQ:JCSE) last released its quarterly earnings data on Tuesday, October 20th. The company reported $0.13 EPS for the quarter. The business had revenue of $8.04 million during the quarter.

About JE Cleantech

JE Cleantech Holdings Limited is a Singapore-based cleantech company that provides commercial cleaning solutions and related services. The company serves customers in Singapore, including businesses and organizations that require equipment and operational support for cleaning, sanitation and waste-management activities. Its products and services include commercial dishwashing systems, cleaning equipment, floor-cleaning machines and food-waste treatment systems. JE Cleantech also provides cleaning services and operates central-kitchen-related activities, including dishwashing and food-waste management services for institutional and commercial customers.