Short Interest in Jewett-Cameron Trading Company (NASDAQ:JCTC) Drops By 73.2%

Jewett-Cameron Trading Company (NASDAQ:JCTC) saw a significant decline in short interest in June. As of June 15th, there was short interest totaling 8,602 shares, a decline of 73.2% from the May 31st total of 32,040 shares. Based on an average daily trading volume, of 27,500 shares, the short-interest ratio is currently 0.3 days. Currently, 0.2% of the shares of the company are short sold.

Institutional Investors Weigh In On Jewett-Cameron Trading

A number of institutional investors have recently added to or reduced their stakes in JCTC. Citadel Advisors LLC purchased a new stake in shares of Jewett-Cameron Trading in the third quarter valued at approximately $77,000. Susquehanna International Group LLP purchased a new stake in shares of Jewett-Cameron Trading in the 3rd quarter worth about $54,000. Finally, DRW Securities LLC acquired a new stake in shares of Jewett-Cameron Trading in the fourth quarter valued at approximately $44,000. Hedge funds and other institutional investors own 26.05% of the company’s stock.

Jewett-Cameron Trading Stock Up 1.6%

NASDAQ JCTC opened at $2.23 on Friday. The firm has a market cap of $7.87 million, a P/E ratio of -0.97 and a beta of 0.39. Jewett-Cameron Trading has a 52-week low of $1.54 and a 52-week high of $4.02. The business’s 50-day moving average price is $2.04 and its 200 day moving average price is $1.99.

Jewett-Cameron Trading (NASDAQ:JCTC) last posted its quarterly earnings data on Monday, April 13th. The company reported ($0.35) earnings per share for the quarter. Jewett-Cameron Trading had a negative return on equity of 33.33% and a negative net margin of 19.19%.The company had revenue of $10.54 million for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered shares of Jewett-Cameron Trading from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, June 15th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Jewett-Cameron Trading Company Profile

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.