Jewett-Cameron Trading Company (NASDAQ:JCTC) Sees Significant Growth in Short Interest

Jewett-Cameron Trading Company (NASDAQ:JCTC) saw a significant growth in short interest in February. As of February 13th, there was short interest totaling 5,309 shares, a growth of 79.7% from the January 29th total of 2,954 shares. Based on an average daily volume of 31,689 shares, the short-interest ratio is presently 0.2 days. Approximately 0.2% of the shares of the stock are sold short. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily volume of 31,689 shares, the short-interest ratio is presently 0.2 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Jewett-Cameron Trading in a research report on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

Insider Activity at Jewett-Cameron Trading

In related news, major shareholder Community Foundation Oregon sold 43,980 shares of Jewett-Cameron Trading stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $1.81, for a total transaction of $79,603.80. Following the completion of the transaction, the insider directly owned 785,959 shares in the company, valued at $1,422,585.79. The trade was a 5.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold 109,989 shares of company stock valued at $225,749 in the last quarter. 1.33% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Jewett-Cameron Trading

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Susquehanna International Group LLP purchased a new position in Jewett-Cameron Trading during the third quarter worth approximately $54,000. DRW Securities LLC purchased a new position in shares of Jewett-Cameron Trading in the 4th quarter worth $44,000. Finally, Citadel Advisors LLC purchased a new position in shares of Jewett-Cameron Trading in the 3rd quarter worth $77,000. Institutional investors and hedge funds own 26.05% of the company’s stock.

Jewett-Cameron Trading Stock Performance

NASDAQ JCTC traded down $0.01 during trading hours on Friday, hitting $1.86. 7,715 shares of the company’s stock were exchanged, compared to its average volume of 33,962. The business’s 50 day moving average is $2.06 and its 200-day moving average is $2.74. Jewett-Cameron Trading has a 12-month low of $1.66 and a 12-month high of $4.92. The firm has a market capitalization of $6.55 million, a P/E ratio of -0.88 and a beta of 0.16.

Jewett-Cameron Trading Company Profile

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.