707 Cayman Holdings Limited (NASDAQ:JEM) Short Interest Up 95.9% in June

707 Cayman Holdings Limited (NASDAQ:JEM) was the recipient of a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 446,478 shares, an increase of 95.9% from the June 15th total of 227,928 shares. Based on an average trading volume of 13,460,215 shares, the short-interest ratio is currently 0.0 days. Approximately 24.8% of the company’s stock are sold short.

Insider Activity at 707 Cayman

In other news, major shareholder Financial Lp Hrt sold 4,034 shares of the firm’s stock in a transaction on Friday, July 10th. The stock was sold at an average price of $7.20, for a total transaction of $29,044.80. Following the completion of the transaction, the insider directly owned 11,500 shares in the company, valued at $82,800. This trade represents a 25.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last 90 days, insiders acquired 147,842 shares of company stock valued at $456,127 and sold 61,812 shares valued at $185,017.

Institutional Trading of 707 Cayman

A hedge fund recently bought a new position in 707 Cayman stock. Geode Capital Management LLC bought a new stake in 707 Cayman Holdings Limited (NASDAQ:JEM) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 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 filing with the Securities & Exchange Commission.

707 Cayman Trading Down 8.9%

NASDAQ:JEM traded down $0.47 during trading hours on Friday, reaching $4.82. The company had a trading volume of 79,726 shares, compared to its average volume of 219,078. The firm’s 50 day moving average price is $20.61 and its 200-day moving average price is $26.57. 707 Cayman has a 52 week low of $4.50 and a 52 week high of $1,620.00.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of 707 Cayman from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, July 2nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, 707 Cayman presently has an average rating of “Sell”.

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.