Jewett-Cameron Trading Company (NASDAQ:JCTC) Sees Significant Decline in Short Interest

Jewett-Cameron Trading Company (NASDAQ:JCTC) was the recipient of a large decline in short interest during the month of September. As of September 30th, there was short interest totaling 21,645 shares, a decline of 49.6% from the September 15th total of 42,952 shares. Based on an average daily volume of 6,971 shares, the days-to-cover ratio is presently 3.1 days. Approximately 0.6% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of Jewett-Cameron Trading from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, August 5th. One analyst has rated the stock with a Sell rating. According to MarketBeat.com, the company currently has an average rating of “Sell”.

Insiders Place Their Bets

In other Jewett-Cameron Trading news, major shareholder Ajb Investment Fund Ii, Lp bought 15,457 shares of the firm’s stock in a transaction dated Thursday, August 13th. The shares were bought at an average price of $2.90 per share, for a total transaction of $44,825.30. Following the completion of the acquisition, the insider owned 455,831 shares of the company’s stock, valued at approximately $1,321,909.90. This trade represents a 3.51% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Community Foundation Oregon sold 176,006 shares of the firm’s stock in a transaction on Wednesday, September 30th. The shares were sold at an average price of $1.85, for a total value of $325,611.10. Following the completion of the sale, the insider owned 562,528 shares of the company’s stock, valued at approximately $1,040,676.80. This trade represents a 23.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders acquired 103,153 shares of company stock worth $296,341. Insiders own 1.33% of the company’s stock.

Jewett-Cameron Trading Price Performance

NASDAQ:JCTC remained flat at $2.90 during trading hours on Wednesday. The company’s stock had a trading volume of 1,378 shares, compared to its average volume of 22,952. The firm has a market capitalization of $10.21 million, a P/E ratio of -1.23 and a beta of 0.42. The company’s fifty day moving average is $2.95 and its 200 day moving average is $2.43. Jewett-Cameron Trading has a 12-month low of $1.54 and a 12-month high of $3.42.

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

About Jewett-Cameron Trading

Jewett-Cameron Trading Company Ltd. (NASDAQ:JCTC) develops, manufactures and distributes products for outdoor living, animal management and related applications. Its offerings are designed for residential, agricultural, commercial and industrial customers and are sold through retail, wholesale and online distribution channels.

The company’s product portfolio includes fencing systems, gates, garden and landscaping products, tree supports, outdoor structures and animal-management products such as kennel panels and pet enclosures.