JFB Construction Holding (NASDAQ:JFB) Sees Significant Growth in Short Interest

JFB Construction Holding (NASDAQ:JFB) saw a significant growth in short interest in the month of December. As of December 15th, there was short interest totaling 47,533 shares, a growth of 67.5% from the November 30th total of 28,384 shares. Based on an average daily volume of 63,893 shares, the short-interest ratio is currently 0.7 days. Currently, 0.5% of the shares of the stock are short sold. Currently, 0.5% of the shares of the stock are short sold. Based on an average daily volume of 63,893 shares, the short-interest ratio is currently 0.7 days.

Analysts Set New Price Targets

Several brokerages recently commented on JFB. Weiss Ratings reissued a “sell (d-)” rating on shares of JFB Construction in a research note on Monday, December 22nd. Wall Street Zen downgraded JFB Construction from a “hold” rating to a “sell” rating in a report on Saturday, December 20th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, JFB Construction presently has a consensus rating of “Sell”.

Insider Transactions at JFB Construction

In other news, CEO Joseph Frank Basile III acquired 5,900 shares of the business’s stock in a transaction that occurred on Monday, December 8th. The stock was acquired at an average price of $16.79 per share, with a total value of $99,061.00. Following the completion of the transaction, the chief executive officer directly owned 430,900 shares of the company’s stock, valued at $7,234,811. This trade represents a 1.39% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Ruben Calderon bought 1,550 shares of the firm’s stock in a transaction on Wednesday, December 10th. The stock was purchased at an average cost of $18.72 per share, for a total transaction of $29,016.00. Following the completion of the acquisition, the chief financial officer owned 26,550 shares in the company, valued at approximately $497,016. This trade represents a 6.20% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing.

Hedge Funds Weigh In On JFB Construction

An institutional investor recently bought a new position in JFB Construction stock. Nomura Holdings Inc. bought a new position in shares of JFB Construction Holding (NASDAQ:JFB) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 20,000 shares of the company’s stock, valued at approximately $258,000. Nomura Holdings Inc. owned 0.21% of JFB Construction as of its most recent SEC filing.

JFB Construction Stock Performance

JFB stock traded down $0.65 during trading on Monday, hitting $14.82. The company had a trading volume of 161,880 shares, compared to its average volume of 80,245. The firm has a market cap of $140.79 million and a PE ratio of -40.05. The stock has a 50-day moving average price of $16.32. JFB Construction has a one year low of $3.39 and a one year high of $23.00.

JFB Construction (NASDAQ:JFB) last issued its quarterly earnings results on Friday, November 14th. The company reported ($0.11) earnings per share (EPS) for the quarter. JFB Construction had a negative return on equity of 31.22% and a negative net margin of 14.07%.The firm had revenue of $4.98 million during the quarter.

About JFB Construction

JFB is a commercial and residential real estate construction and development company. The Company’s management is dedicated to delivering high-quality services to commercial and residential markets, such as retail corporate buildouts, multifamily community developments and luxury residential homes, with a focus on fostering long-term relationships with clients, partners, and communities. Our comprehensive suite of services encompasses everything from initial project planning and design to the final stages of construction and project management.