Short Interest in Jewett-Cameron Trading Company (NASDAQ:JCTC) Expands By 139.7%

Jewett-Cameron Trading Company (NASDAQ:JCTC) was the recipient of a significant increase in short interest in July. As of July 15th, there was short interest totaling 17,213 shares, an increase of 139.7% from the June 30th total of 7,180 shares. Approximately 0.5% of the company’s stock are sold short. Based on an average daily volume of 27,582 shares, the days-to-cover ratio is presently 0.6 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered shares of Jewett-Cameron Trading from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, July 20th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.

Jewett-Cameron Trading Trading Up 1.6%

Jewett-Cameron Trading stock traded up $0.04 during trading hours on Wednesday, reaching $2.55. 5,048 shares of the stock were exchanged, compared to its average volume of 25,333. The company has a market cap of $8.98 million, a P/E ratio of -1.09 and a beta of 0.36. Jewett-Cameron Trading has a twelve month low of $1.54 and a twelve month high of $4.02. The stock has a 50 day moving average of $2.30 and a two-hundred day moving average of $2.03.

Jewett-Cameron Trading (NASDAQ:JCTC) last issued its earnings results on Tuesday, July 14th. The company reported ($0.23) EPS for the quarter. The firm had revenue of $9.85 million during the quarter. Jewett-Cameron Trading had a negative net margin of 20.94% and a negative return on equity of 38.35%.

Insiders Place Their Bets

In other news, major shareholder Melinda Hodges Bradley acquired 17,500 shares of the firm’s stock in a transaction dated Tuesday, June 30th. The stock was bought at an average price of $2.38 per share, with a total value of $41,650.00. Following the transaction, the insider directly owned 371,007 shares in the company, valued at approximately $882,996.66. The trade was a 4.95% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Ajb Investment Fund Ii, Lp bought 34,000 shares of the company’s stock in a transaction dated Tuesday, July 7th. The stock was purchased at an average cost of $2.51 per share, for a total transaction of $85,340.00. Following the completion of the acquisition, the insider owned 416,016 shares in the company, valued at $1,044,200.16. This trade represents a 8.90% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders have purchased 66,299 shares of company stock valued at $165,324 and have sold 25,000 shares valued at $62,990. Insiders own 1.33% of the company’s stock.

Institutional Trading of Jewett-Cameron Trading

Several institutional investors have recently added to or reduced their stakes in the stock. DRW Securities LLC bought a new stake in shares of Jewett-Cameron Trading during the 4th quarter valued at about $44,000. Susquehanna International Group LLP bought a new stake in Jewett-Cameron Trading in the third quarter worth approximately $54,000. Finally, Citadel Advisors LLC acquired a new position in Jewett-Cameron Trading in the third quarter valued at approximately $77,000. 26.05% of the stock is currently owned by institutional investors.

About Jewett-Cameron Trading

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.