Short Interest in 707 Cayman Holdings Limited (NASDAQ:JEM) Drops By 48.7%

707 Cayman Holdings Limited (NASDAQ:JEM) saw a large drop in short interest in January. As of January 15th, there was short interest totaling 35,290 shares, a drop of 48.7% from the December 31st total of 68,847 shares. Based on an average daily volume of 223,456 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the shares of the company are sold short. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 223,456 shares, the days-to-cover ratio is presently 0.2 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed 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.com, the stock currently has a consensus rating of “Sell”.

707 Cayman Stock Up 2.1%

NASDAQ JEM traded up $0.00 during trading on Friday, reaching $0.16. 1,101,869 shares of the company traded hands, compared to its average volume of 3,238,652. 707 Cayman has a 1-year low of $0.15 and a 1-year high of $7.90. The stock’s 50 day moving average price is $0.21 and its two-hundred day moving average price is $1.25.

Institutional Inflows and Outflows

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

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.