JBDI Holdings Limited (NASDAQ:JBDI) Sees Significant Drop in Short Interest

JBDI Holdings Limited (NASDAQ:JBDI) was the target of a significant decline in short interest in March. As of March 13th, there was short interest totaling 30,352 shares, a decline of 32.7% from the February 26th total of 45,123 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily volume of 79,527 shares, the short-interest ratio is currently 0.4 days.

JBDI Trading Down 8.8%

Shares of JBDI traded down $0.06 during mid-day trading on Monday, hitting $0.58. 11,373 shares of the company were exchanged, compared to its average volume of 47,117. JBDI has a 1-year low of $0.52 and a 1-year high of $3.00. The company has a 50 day moving average of $0.74 and a 200-day moving average of $1.05. The company has a quick ratio of 4.19, a current ratio of 4.46 and a debt-to-equity ratio of 0.25.

JBDI (NASDAQ:JBDI) last posted its quarterly earnings data on Friday, February 6th. The company reported $0.00 earnings per share (EPS) for the quarter. The firm had revenue of $2.04 million during the quarter.

JBDI Company Profile

JBDI Holdings Limited engages in the trading of reconditioned and recycling containers in Singapore and the Southeast Asia region. The company offers reconditioning and recycling drums, including open top drums, metal drums, plastic drums, plastic carboys, and intermediate bulk containers, as well as new drums, and collects waste drums and related products. It serves solvent, chemical, petroleum, and edible product oil industries. The company was founded in 1983 and is based in Singapore. JBDI Holdings Limited operates as a subsidiary of E U Holdings Pte.