707 Cayman Holdings Limited (NASDAQ:JEM) Short Interest Up 41.0% in December

707 Cayman Holdings Limited (NASDAQ:JEM) was the target of a significant growth in short interest during the month of December. As of December 15th, there was short interest totaling 53,567 shares, a growth of 41.0% from the November 30th total of 37,986 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 285,999 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 285,999 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.2% of the company’s shares are short sold.

707 Cayman Trading Down 3.0%

NASDAQ:JEM traded down $0.01 on Monday, reaching $0.19. The company’s stock had a trading volume of 297,166 shares, compared to its average volume of 282,992. 707 Cayman has a 1-year low of $0.17 and a 1-year high of $7.90. The stock’s 50-day moving average price is $0.26.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e)” rating on shares of 707 Cayman in a research report on Monday, December 22nd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in 707 Cayman stock. Geode Capital Management LLC purchased a new stake in 707 Cayman Holdings Limited (NASDAQ:JEM) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 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 SEC filing.

About 707 Cayman

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.