Jewett-Cameron Trading Company Ltd (NASDAQ:JCTCF) Sees Significant Drop in Short Interest
Jewett-Cameron Trading Company Ltd (NASDAQ:JCTCF) was the target of a significant drop in short interest in November. As of November 29th, there was short interest totalling 5,000 shares, a drop of 12.3% from the November 14th total of 5,700 shares. Based on an average trading volume of 1,500 shares, the short-interest ratio is presently 3.3 days. Approximately 0.3% of the company’s shares are short sold.
An institutional investor recently raised its position in Jewett-Cameron Trading stock. Riverview Trust Co boosted its stake in shares of Jewett-Cameron Trading Company Ltd (NASDAQ:JCTCF) by 5.3% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,202,288 shares of the company’s stock after purchasing an additional 60,750 shares during the period. Jewett-Cameron Trading comprises approximately 6.7% of Riverview Trust Co’s holdings, making the stock its 3rd largest position. Riverview Trust Co owned approximately 30.36% of Jewett-Cameron Trading worth $9,594,000 as of its most recent SEC filing. Institutional investors own 49.85% of the company’s stock.
Shares of Jewett-Cameron Trading stock traded up $0.12 during trading on Friday, hitting $8.00. The stock had a trading volume of 4,413 shares, compared to its average volume of 5,625. The stock has a 50 day simple moving average of $7.87 and a 200 day simple moving average of $8.01. The company has a market capitalization of $31.77 million, a PE ratio of 15.69 and a beta of 0.42. Jewett-Cameron Trading has a 1 year low of $6.23 and a 1 year high of $9.32.
Jewett-Cameron Trading Company Ltd., through its subsidiaries, manufactures and distributes specialty metal products; and distributes wood products to home centers and other retailers primarily in the United States. The company operates through four segments: Industrial Wood Products; Lawn, Garden, Pet and Other; Seed Processing and Sales; and Industrial Tools and Clamps.
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