Short Interest in 707 Cayman Holdings Limited (NASDAQ:JEM) Grows By 228.1%

707 Cayman Holdings Limited (NASDAQ:JEM) was the recipient of a significant increase in short interest in the month of March. As of March 13th, there was short interest totaling 525,164 shares, an increase of 228.1% from the February 26th total of 160,065 shares. Approximately 2.0% of the company’s shares are short sold. Based on an average daily volume of 16,714,386 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily volume of 16,714,386 shares, the days-to-cover ratio is currently 0.0 days. Approximately 2.0% of the company’s shares are short sold.

707 Cayman Stock Up 1.1%

707 Cayman stock traded up $0.00 during midday trading on Wednesday, hitting $0.10. 2,882,914 shares of the stock were exchanged, compared to its average volume of 10,453,299. The company has a fifty day simple moving average of $0.13 and a two-hundred day simple moving average of $0.24. 707 Cayman has a 52 week low of $0.07 and a 52 week high of $7.90.

Institutional Trading of 707 Cayman

An institutional investor recently bought a new position in 707 Cayman stock. Geode Capital Management LLC acquired a new position in shares of 707 Cayman Holdings Limited (NASDAQ:JEM) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 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 quarter.

Wall Street Analysts Forecast Growth

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

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.