707 Cayman Holdings Limited (NASDAQ:JEM) Shares Shorted: Short Interest Down 93.5% in October

707 Cayman Holdings Limited (NASDAQ:JEM) was the recipient of a significant decline in short interest during the month of October. As of October 30th, there was short interest totaling 263 shares, a decline of 93.5% from the October 15th total of 4,052 shares. Based on an average trading volume of 10,733 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are sold short.

707 Cayman Stock Up 4.3%

NASDAQ JEM traded up $0.10 during trading hours on Thursday, hitting $2.40. The company had a trading volume of 11,144 shares, compared to its average volume of 10,521. 707 Cayman has a fifty-two week low of $2.21 and a fifty-two week high of $135.24. The firm’s 50 day moving average is $3.28 and its 200 day moving average is $14.94.

707 Cayman (NASDAQ:JEM) last issued its quarterly earnings data on Monday, August 10th. The company reported ($41.29) EPS for the quarter. The business had revenue of $2.22 million during the quarter.

Analyst Ratings Changes

A number of equities research analysts have recently commented on JEM shares. Wall Street Zen raised shares of 707 Cayman to a “hold” rating in a report on Saturday, July 25th. Weiss Ratings downgraded 707 Cayman from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, August 21st. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, 707 Cayman has an average rating of “Sell”.

About 707 Cayman

707 Cayman is a Cayman Islands-incorporated special purpose acquisition company (SPAC) that trades on the Nasdaq Stock Market under the symbol JEM. The company was established to pursue a business combination, such as a merger, share exchange, asset acquisition, or similar transaction, with one or more operating businesses. Unlike an operating company, 707 Cayman does not currently offer its own products or services and does not appear to have established commercial operations. Its principal activity is evaluating potential acquisition opportunities and seeking shareholder approval for a proposed transaction.