Short Interest in Jewett-Cameron Trading Company (NASDAQ:JCTC) Increases By 139.7%

Jewett-Cameron Trading Company (NASDAQ:JCTC) was the recipient of a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 17,213 shares, an increase of 139.7% from the June 30th total of 7,180 shares. Currently, 0.5% of the shares of the company are sold short. Based on an average daily volume of 27,582 shares, the short-interest ratio is presently 0.6 days.

Jewett-Cameron Trading Stock Down 2.4%

NASDAQ:JCTC opened at $2.49 on Tuesday. The company has a market cap of $8.76 million, a P/E ratio of -1.06 and a beta of 0.36. The firm’s 50 day moving average is $2.29 and its two-hundred day moving average is $2.03. Jewett-Cameron Trading has a fifty-two week low of $1.54 and a fifty-two week high of $4.02.

Jewett-Cameron Trading (NASDAQ:JCTC) last posted its quarterly earnings results on Tuesday, July 14th. The company reported ($0.23) EPS for the quarter. Jewett-Cameron Trading had a negative net margin of 20.94% and a negative return on equity of 38.35%. The business had revenue of $9.85 million during the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded shares of Jewett-Cameron Trading from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, July 20th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Jewett-Cameron Trading has a consensus rating of “Sell”.

Insider Activity at Jewett-Cameron Trading

In other news, major shareholder Community Foundation Oregon sold 18,267 shares of the firm’s stock in a transaction that occurred on Tuesday, July 7th. The stock was sold at an average price of $2.50, for a total value of $45,667.50. Following the completion of the sale, the insider directly owned 745,267 shares of the company’s stock, valued at $1,863,167.50. This trade represents a 2.39% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Ajb Investment Fund Ii, Lp bought 10,768 shares of Jewett-Cameron Trading stock in a transaction on Tuesday, July 14th. The stock was acquired at an average cost of $2.63 per share, with a total value of $28,319.84. Following the acquisition, the insider owned 428,158 shares of the company’s stock, valued at $1,126,055.54. This trade represents a 2.58% increase in their position. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders bought 63,925 shares of company stock worth $159,436 and sold 25,000 shares worth $62,990. 1.33% of the stock is owned by insiders.

Hedge Funds Weigh In On Jewett-Cameron Trading

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Susquehanna International Group LLP acquired a new position in shares of Jewett-Cameron Trading in the third quarter worth about $54,000. DRW Securities LLC acquired a new stake in Jewett-Cameron Trading during the 4th quarter valued at approximately $44,000. Finally, Citadel Advisors LLC purchased a new stake in Jewett-Cameron Trading during the 3rd quarter worth approximately $77,000. 26.05% of the stock is owned by hedge funds and other institutional investors.

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.