Short Interest in 707 Cayman Holdings Limited (NASDAQ:JEM) Rises By 280.1%

707 Cayman Holdings Limited (NASDAQ:JEM) saw a significant increase in short interest during the month of January. As of January 30th, there was short interest totaling 134,139 shares, an increase of 280.1% from the January 15th total of 35,290 shares. Approximately 0.5% of the company’s shares are short sold. Based on an average trading volume of 6,259,120 shares, the days-to-cover ratio is currently 0.0 days. Based on an average trading volume of 6,259,120 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.5% of the company’s shares are short sold.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On 707 Cayman

A hedge fund recently bought a new stake in 707 Cayman stock. Geode Capital Management LLC purchased a new stake in 707 Cayman Holdings Limited (NASDAQ:JEM) during the second quarter, according to its most recent filing with the SEC. The firm purchased 13,807 shares of the company’s stock, valued at approximately $72,000. Geode Capital Management LLC owned 0.06% of 707 Cayman at the end of the most recent reporting period.

707 Cayman Stock Performance

Shares of JEM stock traded down $0.00 during trading hours on Wednesday, reaching $0.13. The company had a trading volume of 26,620,118 shares, compared to its average volume of 3,423,685. 707 Cayman has a 1-year low of $0.12 and a 1-year high of $7.90. The company has a 50 day moving average of $0.19 and a 200 day moving average of $1.04.

707 Cayman Company Profile

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.