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

Jewett-Cameron Trading Company (NASDAQ:JCTC) saw a significant increase in short interest in August. As of August 31st, there was short interest totaling 29,736 shares, an increase of 151.6% from the August 15th total of 11,821 shares. Approximately 0.9% of the company’s stock are sold short. Based on an average trading volume of 34,083 shares, the short-interest ratio is currently 0.9 days.

Jewett-Cameron Trading Price Performance

Shares of NASDAQ JCTC traded down $0.01 during midday trading on Monday, reaching $2.92. The company’s stock had a trading volume of 8,444 shares, compared to its average volume of 23,811. Jewett-Cameron Trading has a 12-month low of $1.54 and a 12-month high of $3.82. The firm has a 50 day moving average price of $2.81 and a 200-day moving average price of $2.25.

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

Insider Buying and Selling

In related news, major shareholder Ajb Investment Fund Ii, Lp acquired 10,043 shares of the stock in a transaction dated Thursday, August 20th. The stock was purchased at an average cost of $2.90 per share, with a total value of $29,124.70. Following the completion of the purchase, the insider directly owned 466,393 shares in the company, valued at $1,352,539.70. This trade represents a 2.20% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Community Foundation Oregon sold 176,006 shares of the stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $1.85, for a total value of $325,611.10. Following the completion of the sale, the insider directly owned 562,528 shares of the company’s stock, valued at approximately $1,040,676.80. This trade represents a 23.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have acquired 127,067 shares of company stock worth $339,555 and have sold 201,006 shares worth $388,601. 1.33% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Separately, Weiss Ratings raised Jewett-Cameron Trading from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, August 5th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

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.