Jewett-Cameron Trading Company (NASDAQ:JCTC) Sees Large Increase in Short Interest

Jewett-Cameron Trading Company (NASDAQ:JCTC) was the recipient of a significant increase in short interest in the month of February. As of February 13th, there was short interest totaling 5,309 shares, an increase of 79.7% from the January 29th total of 2,954 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average trading volume of 31,689 shares, the short-interest ratio is presently 0.2 days. Based on an average trading volume of 31,689 shares, the short-interest ratio is presently 0.2 days. Currently, 0.2% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Jewett-Cameron Trading in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

Jewett-Cameron Trading Trading Down 0.5%

Shares of NASDAQ JCTC traded down $0.01 during mid-day trading on Friday, reaching $1.86. The company had a trading volume of 7,715 shares, compared to its average volume of 33,962. The company has a 50-day moving average price of $2.06 and a two-hundred day moving average price of $2.75. The stock has a market cap of $6.55 million, a PE ratio of -0.88 and a beta of 0.16. Jewett-Cameron Trading has a 1-year low of $1.66 and a 1-year high of $4.92.

Insider Buying and Selling

In other Jewett-Cameron Trading news, major shareholder Community Foundation Oregon sold 43,980 shares of the company’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $1.81, for a total value of $79,603.80. Following the completion of the sale, the insider directly owned 785,959 shares of the company’s stock, valued at approximately $1,422,585.79. This represents a 5.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold 109,989 shares of company stock valued at $225,749 in the last quarter. 1.33% of the stock is currently owned by insiders.

Institutional Trading of Jewett-Cameron Trading

Institutional investors and hedge funds have recently bought and sold shares of the stock. Citadel Advisors LLC purchased a new stake in Jewett-Cameron Trading during the third quarter valued at about $77,000. DRW Securities LLC acquired a new stake in shares of Jewett-Cameron Trading during the fourth quarter valued at approximately $44,000. Finally, Susquehanna International Group LLP purchased a new stake in shares of Jewett-Cameron Trading in the 3rd quarter valued at approximately $54,000. Institutional investors and hedge funds own 26.05% of the company’s stock.

About Jewett-Cameron Trading

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.