JBDI Holdings Limited (NASDAQ:JBDI) Short Interest Down 49.4% in January

JBDI Holdings Limited (NASDAQ:JBDI) was the target of a large decline in short interest during the month of January. As of January 15th, there was short interest totaling 16,018 shares, a decline of 49.4% from the December 31st total of 31,667 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 16,283 shares, the short-interest ratio is presently 1.0 days. Based on an average trading volume of 16,283 shares, the short-interest ratio is presently 1.0 days. Approximately 0.1% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of JBDI in a research report on Friday, October 31st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, JBDI has a consensus rating of “Sell”.

JBDI Price Performance

Shares of NASDAQ:JBDI traded up $0.02 during mid-day trading on Friday, reaching $0.60. 23,864 shares of the company’s stock were exchanged, compared to its average volume of 16,316. The company has a debt-to-equity ratio of 0.26, a current ratio of 3.18 and a quick ratio of 3.00. JBDI has a twelve month low of $0.49 and a twelve month high of $3.00. The business’s fifty day moving average price is $0.78 and its 200-day moving average price is $1.14.

About JBDI

JBDI Holdings Limited engages in the trading of reconditioned and recycling containers in Singapore and the Southeast Asia region. The company offers reconditioning and recycling drums, including open top drums, metal drums, plastic drums, plastic carboys, and intermediate bulk containers, as well as new drums, and collects waste drums and related products. It serves solvent, chemical, petroleum, and edible product oil industries. The company was founded in 1983 and is based in Singapore. JBDI Holdings Limited operates as a subsidiary of E U Holdings Pte.