JBDI Holdings Limited (NASDAQ:JBDI) Sees Large Growth in Short Interest

JBDI Holdings Limited (NASDAQ:JBDI) was the recipient of a large growth in short interest in the month of December. As of December 31st, there was short interest totaling 31,667 shares, a growth of 1,204.2% from the December 15th total of 2,428 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 158,469 shares, the short-interest ratio is currently 0.2 days. Based on an average daily trading volume, of 158,469 shares, the short-interest ratio is currently 0.2 days. Currently, 0.2% of the company’s stock are sold short.

JBDI Trading Down 1.4%

Shares of NASDAQ:JBDI opened at $0.70 on Tuesday. JBDI has a 12-month low of $0.49 and a 12-month high of $3.00. The business has a 50 day moving average of $0.90 and a 200-day moving average of $1.18. The company has a debt-to-equity ratio of 0.26, a quick ratio of 3.00 and a current ratio of 3.18.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of JBDI in a report on Friday, October 31st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

JBDI Company Profile

JBDI Holdings Limited engages in the trading of reconditioned and recycling containers in Singapore and the Southeast Asia region. The company offers reconditioning and recycling drums, including open top drums, metal drums, plastic drums, plastic carboys, and intermediate bulk containers, as well as new drums, and collects waste drums and related products. It serves solvent, chemical, petroleum, and edible product oil industries. The company was founded in 1983 and is based in Singapore. JBDI Holdings Limited operates as a subsidiary of E U Holdings Pte.