707 Cayman Holdings Limited (NASDAQ:JEM) Short Interest Up 95.9% in June

707 Cayman Holdings Limited (NASDAQ:JEM) was the target of a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 446,478 shares, an increase of 95.9% from the June 15th total of 227,928 shares. Based on an average daily volume of 13,460,215 shares, the short-interest ratio is presently 0.0 days. Currently, 24.8% of the shares of the company are sold short.

Insider Transactions at 707 Cayman

In other 707 Cayman news, major shareholder Financial Lp Hrt sold 4,034 shares of the business’s stock in a transaction on Friday, July 10th. The stock was sold at an average price of $7.20, for a total value of $29,044.80. Following the sale, the insider directly owned 11,500 shares in the company, valued at $82,800. The trade was a 25.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Over the last three months, insiders acquired 147,842 shares of company stock valued at $456,127 and sold 61,812 shares valued at $185,017.

Institutional Trading of 707 Cayman

A hedge fund recently bought a new position in 707 Cayman stock. Geode Capital Management LLC acquired a new position in shares of 707 Cayman Holdings Limited (NASDAQ:JEM) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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 filing with the Securities and Exchange Commission.

707 Cayman Trading Down 8.9%

707 Cayman stock opened at $4.82 on Friday. The firm has a 50 day simple moving average of $20.39 and a 200 day simple moving average of $26.42. 707 Cayman has a 1-year low of $4.50 and a 1-year high of $1,620.00.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded 707 Cayman from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, July 2nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

707 Cayman Company Profile

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.