707 Cayman Holdings Limited (NASDAQ:JEM) Short Interest Down 49.0% in February

707 Cayman Holdings Limited (NASDAQ:JEM) saw a significant drop in short interest in February. As of February 27th, there was short interest totaling 160,065 shares, a drop of 49.0% from the February 12th total of 314,064 shares. Based on an average daily trading volume, of 22,436,215 shares, the short-interest ratio is presently 0.0 days. Currently, 0.6% of the company’s stock are short sold. Currently, 0.6% of the company’s stock are short sold. Based on an average daily trading volume, of 22,436,215 shares, the short-interest ratio is presently 0.0 days.

Institutional Trading of 707 Cayman

An institutional investor recently bought a new position in 707 Cayman stock. Geode Capital Management LLC bought a new stake in 707 Cayman Holdings Limited (NASDAQ:JEM) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 13,807 shares of the company’s stock, valued at approximately $72,000. Geode Capital Management LLC owned about 0.06% of 707 Cayman as of its most recent SEC filing.

707 Cayman Stock Down 3.7%

JEM stock traded down $0.00 during mid-day trading on Friday, reaching $0.09. 552,725 shares of the stock traded hands, compared to its average volume of 18,910,612. The business has a 50-day moving average of $0.14 and a two-hundred day moving average of $0.33. 707 Cayman has a 52 week low of $0.07 and a 52 week high of $7.90.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e)” rating on shares of 707 Cayman in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, 707 Cayman presently has a consensus rating of “Sell”.

About 707 Cayman

We are a Hong Kong-based company that sells quality apparel products and provides supply chain management total solutions to our customers spanning from Western Europe, North America to the Middle East. We were founded in 2021 and became wholly-owned by Mr. Cheung, executive director and chief executive officer, in May 2022 and have grown, in a short period of time, building relationships with a diverse range of customers. Our customers include mid-size brand owners and apparel companies that have comprehensive operations with private labels that are sold worldwide.