707 Cayman Holdings Limited (NASDAQ:JEM) Short Interest Up 28.5% in December

707 Cayman Holdings Limited (NASDAQ:JEM) was the recipient of a large increase in short interest in the month of December. As of December 31st, there was short interest totaling 68,847 shares, an increase of 28.5% from the December 15th total of 53,567 shares. Based on an average daily volume of 315,009 shares, the short-interest ratio is presently 0.2 days. Approximately 0.3% of the shares of the stock are short sold. Approximately 0.3% of the shares of the stock are short sold. Based on an average daily volume of 315,009 shares, the short-interest ratio is presently 0.2 days.

Hedge Funds Weigh In On 707 Cayman

A hedge fund recently bought a new stake in 707 Cayman stock. Geode Capital Management LLC acquired a new stake in 707 Cayman Holdings Limited (NASDAQ:JEM) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 13,807 shares of the company’s stock, valued at approximately $72,000. Geode Capital Management LLC owned approximately 0.06% of 707 Cayman as of its most recent SEC filing.

707 Cayman Stock Up 1.9%

JEM stock traded up $0.00 on Friday, reaching $0.18. 182,260 shares of the company traded hands, compared to its average volume of 227,206. 707 Cayman has a one year low of $0.17 and a one year high of $7.90. The firm has a fifty day simple moving average of $0.23 and a 200-day simple moving average of $1.49.

Analyst Ratings Changes

Separately, Weiss Ratings reissued 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, According to MarketBeat, 707 Cayman presently has an average rating of “Sell”.

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.