707 Cayman Holdings Limited (NASDAQ:JEM) Short Interest Update

707 Cayman Holdings Limited (NASDAQ:JEM) saw a significant growth in short interest in December. As of December 31st, there was short interest totaling 68,847 shares, a growth of 28.5% from the December 15th total of 53,567 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 315,009 shares, the short-interest ratio is presently 0.2 days. Based on an average daily trading volume, of 315,009 shares, the short-interest ratio is presently 0.2 days. Approximately 0.3% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e)” rating on shares of 707 Cayman in a research note on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has a consensus rating of “Sell”.

707 Cayman Stock Performance

JEM stock opened at $0.18 on Tuesday. 707 Cayman has a 52 week low of $0.17 and a 52 week high of $7.90. The business has a fifty day simple moving average of $0.22 and a 200-day simple moving average of $1.46.

Hedge Funds Weigh In On 707 Cayman

A hedge fund recently bought a new stake in 707 Cayman stock. Geode Capital Management LLC bought a new position in shares of 707 Cayman Holdings Limited (NASDAQ:JEM) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 13,807 shares of the company’s stock, valued at approximately $72,000. Geode Capital Management LLC owned approximately 0.06% of 707 Cayman as of its most recent filing with the Securities and Exchange Commission.

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.