Short Interest in Jewett-Cameron Trading Company (NASDAQ:JCTC) Drops By 47.5%

Jewett-Cameron Trading Company (NASDAQ:JCTC) was the target of a significant decline in short interest in September. As of September 30th, there was short interest totaling 2,100 shares, a decline of 47.5% from the September 15th total of 4,000 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 15,700 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 15,700 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Jewett-Cameron Trading in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.

Hedge Funds Weigh In On Jewett-Cameron Trading

A number of large investors have recently added to or reduced their stakes in the company. De Lisle Partners LLP purchased a new stake in shares of Jewett-Cameron Trading during the first quarter worth about $184,000. Guardian Wealth Management Inc. purchased a new stake in shares of Jewett-Cameron Trading during the first quarter worth about $42,000. Finally, Parthenon LLC purchased a new stake in shares of Jewett-Cameron Trading during the first quarter worth about $996,000. 26.05% of the stock is currently owned by institutional investors.

Jewett-Cameron Trading Stock Performance

Shares of Jewett-Cameron Trading stock opened at $3.28 on Thursday. The company has a market capitalization of $11.55 million, a PE ratio of -5.66 and a beta of 0.07. The company has a 50-day simple moving average of $3.57 and a two-hundred day simple moving average of $3.68. Jewett-Cameron Trading has a one year low of $3.21 and a one year high of $5.41.

About Jewett-Cameron Trading

Jewett-Cameron Trading Company Ltd. is a supplier of `Value-added` building materials to major home improvement center chains in the western United States. The Company concentrates on the residential repair and remodeling segment of the building materials industry.