Short Interest in Jewett-Cameron Trading Company (NASDAQ:JCTC) Rises By 151.6%

Jewett-Cameron Trading Company (NASDAQ:JCTC) was the recipient of a large growth in short interest in August. As of August 31st, there was short interest totaling 29,736 shares, a growth of 151.6% from the August 15th total of 11,821 shares. Approximately 0.9% of the shares of the company are sold short. Based on an average trading volume of 34,083 shares, the short-interest ratio is currently 0.9 days.

Jewett-Cameron Trading Price Performance

NASDAQ:JCTC opened at $2.93 on Friday. The stock has a market cap of $10.33 million, a PE ratio of -1.25 and a beta of 0.36. Jewett-Cameron Trading has a fifty-two week low of $1.54 and a fifty-two week high of $3.82. The stock’s 50-day moving average is $2.81 and its two-hundred day moving average is $2.24.

Jewett-Cameron Trading (NASDAQ:JCTC) last announced its quarterly earnings data 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 company had revenue of $9.85 million for the quarter.

Wall Street Analysts Forecast Growth

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

Insider Transactions at Jewett-Cameron Trading

In related news, major shareholder Melinda Hodges Bradley acquired 17,500 shares of the stock in a transaction that occurred on Tuesday, June 30th. The shares were acquired at an average price of $2.38 per share, for a total transaction of $41,650.00. Following the completion of the purchase, the insider directly owned 371,007 shares of the company’s stock, valued at $882,996.66. The trade was a 4.95% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder Community Foundation Oregon sold 176,006 shares of Jewett-Cameron Trading stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $1.85, for a total value of $325,611.10. Following the transaction, the insider owned 562,528 shares in the company, valued at approximately $1,040,676.80. This trade represents a 23.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders acquired 121,153 shares of company stock valued at $322,405 and sold 201,006 shares valued at $388,601. Company insiders own 1.33% of the company’s stock.

Institutional Investors Weigh In On Jewett-Cameron Trading

Large investors have recently made changes to their positions in the company. DRW Securities LLC acquired a new stake in Jewett-Cameron Trading in the fourth quarter valued at approximately $44,000. Susquehanna International Group LLP bought a new position in shares of Jewett-Cameron Trading during the 3rd quarter valued at $54,000. Finally, Citadel Advisors LLC bought a new position in shares of Jewett-Cameron Trading during the 3rd quarter valued at $77,000. Institutional investors own 26.05% of the company’s stock.

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.