707 Cayman Holdings Limited (NASDAQ:JEM) Sees Large Growth in Short Interest

707 Cayman Holdings Limited (NASDAQ:JEM) was the target of a significant increase in short interest in the month of February. As of February 13th, there was short interest totaling 314,064 shares, an increase of 134.1% from the January 29th total of 134,139 shares. Currently, 1.2% of the shares of the company are sold short. Based on an average trading volume of 3,717,628 shares, the short-interest ratio is currently 0.1 days. Based on an average trading volume of 3,717,628 shares, the short-interest ratio is currently 0.1 days. Currently, 1.2% of the shares of the company are sold short.

Institutional Trading of 707 Cayman

A hedge fund recently bought a new stake in 707 Cayman stock. Geode Capital Management LLC acquired a new position in 707 Cayman Holdings Limited (NASDAQ:JEM) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 13,807 shares of the company’s stock, valued at approximately $72,000. Geode Capital Management LLC owned 0.06% of 707 Cayman at the end of the most recent quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e)” rating on shares of 707 Cayman in a research report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.

707 Cayman Price Performance

Shares of JEM opened at $0.10 on Friday. 707 Cayman has a fifty-two week low of $0.09 and a fifty-two week high of $7.90. The business has a 50-day moving average of $0.16 and a 200 day moving average of $0.57.

707 Cayman Company Profile

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.