Jewett-Cameron Trading Company (NASDAQ:JCTC) Sees Significant Drop in Short Interest

Jewett-Cameron Trading Company (NASDAQ:JCTC) was the recipient of a large decrease in short interest during the month of January. As of January 15th, there was short interest totaling 9,903 shares, a decrease of 52.3% from the December 31st total of 20,756 shares. Based on an average trading volume of 17,135 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.3% of the company’s stock are sold short. Approximately 0.3% of the company’s stock are sold short. Based on an average trading volume of 17,135 shares, the days-to-cover ratio is currently 0.6 days.

Insider Buying and Selling at Jewett-Cameron Trading

In other news, major shareholder Community Foundation Oregon sold 14,797 shares of Jewett-Cameron Trading stock in a transaction that occurred on Friday, December 26th. The shares were sold at an average price of $2.26, for a total value of $33,441.22. Following the sale, the insider directly owned 851,709 shares in the company, valued at $1,924,862.34. This trade represents a 1.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Over the last three months, insiders have sold 56,325 shares of company stock worth $128,668. 1.26% of the stock is owned by company insiders.

Hedge Funds Weigh In On Jewett-Cameron Trading

An institutional investor recently bought a new position in Jewett-Cameron Trading stock. Susquehanna International Group LLP bought a new position in shares of Jewett-Cameron Trading Company (NASDAQ:JCTC) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 15,917 shares of the company’s stock, valued at approximately $54,000. Susquehanna International Group LLP owned about 0.45% of Jewett-Cameron Trading as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 26.05% of the company’s stock.

Jewett-Cameron Trading Trading Down 1.9%

NASDAQ JCTC opened at $2.03 on Thursday. The firm has a market capitalization of $7.15 million, a P/E ratio of -0.96 and a beta of 0.14. The firm’s fifty day moving average price is $2.25 and its two-hundred day moving average price is $3.01. Jewett-Cameron Trading has a 1 year low of $1.66 and a 1 year high of $4.92.

Jewett-Cameron Trading (NASDAQ:JCTC) last issued its earnings results on Wednesday, January 14th. The company reported ($0.63) earnings per share (EPS) for the quarter. Jewett-Cameron Trading had a negative net margin of 18.23% and a negative return on equity of 26.93%. The firm had revenue of $8.65 million during the quarter.

Analyst Upgrades and Downgrades

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

Jewett-Cameron Trading Company Profile

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.