707 Cayman Holdings Limited (NASDAQ:JEM – Get Free Report) saw a large drop in short interest during the month of April. As of April 15th, there was short interest totaling 43,442 shares, a drop of 94.7% from the March 31st total of 812,313 shares. Based on an average daily trading volume, of 2,334,251 shares, the days-to-cover ratio is currently 0.0 days. Currently, 2.4% of the shares of the company are sold short.
707 Cayman Stock Down 3.1%
Shares of JEM stock traded down $0.04 during trading hours on Friday, reaching $1.24. The stock had a trading volume of 40,119 shares, compared to its average volume of 1,200,557. 707 Cayman has a twelve month low of $1.20 and a twelve month high of $158.00. The firm has a 50-day simple moving average of $1.93 and a 200-day simple moving average of $3.80.
Analysts Set New Price Targets
Separately, Weiss Ratings restated a “sell (e)” rating on shares of 707 Cayman in a research report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.
Institutional Trading of 707 Cayman
A hedge fund recently bought a new stake in 707 Cayman stock. Geode Capital Management LLC acquired a new position in 707 Cayman Holdings Limited (NASDAQ:JEM – Free Report) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 13,807 shares of the company’s stock, valued at approximately $72,000. Geode Capital Management LLC owned 0.06% of 707 Cayman as of its most recent SEC filing.
About 707 Cayman
We are a Hong Kong-based company that sells quality apparel products and provides supply chain management total solutions to our customers spanning from Western Europe, North America to the Middle East. We were founded in 2021 and became wholly-owned by Mr. Cheung, executive director and chief executive officer, in May 2022 and have grown, in a short period of time, building relationships with a diverse range of customers. Our customers include mid-size brand owners and apparel companies that have comprehensive operations with private labels that are sold worldwide.
See Also
Receive News & Ratings for 707 Cayman Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for 707 Cayman and related companies with MarketBeat.com's FREE daily email newsletter.
