Jewett-Cameron Trading Company (NASDAQ:JCTC) Sees Significant Decline in Short Interest

Jewett-Cameron Trading Company (NASDAQ:JCTC) saw a significant drop in short interest in April. As of April 30th, there was short interest totaling 5,511 shares, a drop of 58.7% from the April 15th total of 13,342 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average trading volume of 19,013 shares, the short-interest ratio is currently 0.3 days.

Insider Buying and Selling

In related news, major shareholder Community Foundation Oregon sold 43,980 shares of Jewett-Cameron Trading stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $1.81, for a total value of $79,603.80. Following the completion of the transaction, the insider owned 785,959 shares in the company, valued at approximately $1,422,585.79. This trade represents a 5.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders sold a total of 68,675 shares of company stock valued at $123,882 in the last ninety days. Company insiders own 1.33% of the company’s stock.

Hedge Funds Weigh In On Jewett-Cameron Trading

A number of large investors have recently bought and sold shares of the business. Citadel Advisors LLC acquired a new position in shares of Jewett-Cameron Trading during the third quarter worth $77,000. DRW Securities LLC acquired a new position in shares of Jewett-Cameron Trading during the fourth quarter worth $44,000. Finally, Susquehanna International Group LLP acquired a new position in shares of Jewett-Cameron Trading during the third quarter worth $54,000. Institutional investors own 26.05% of the company’s stock.

Jewett-Cameron Trading Trading Down 4.5%

Shares of NASDAQ JCTC traded down $0.09 during trading hours on Friday, reaching $1.91. The stock had a trading volume of 24,320 shares, compared to its average volume of 24,780. The firm has a market cap of $6.72 million, a price-to-earnings ratio of -0.83 and a beta of 0.35. The business’s fifty day moving average price is $1.82 and its two-hundred day moving average price is $2.10. Jewett-Cameron Trading has a 52-week low of $1.54 and a 52-week high of $4.02.

Jewett-Cameron Trading (NASDAQ:JCTC) last issued its quarterly earnings data on Monday, April 13th. The company reported ($0.35) EPS for the quarter. The business had revenue of $10.54 million during the quarter. Jewett-Cameron Trading had a negative return on equity of 33.33% and a negative net margin of 19.19%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Jewett-Cameron Trading in a research report on Friday, April 17th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has a consensus rating of “Sell”.

Jewett-Cameron Trading Company Profile

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.