Short Interest in JBDI Holdings Limited (NASDAQ:JBDI) Rises By 448.8%

JBDI Holdings Limited (NASDAQ:JBDI) saw a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 42,404 shares, a growth of 448.8% from the May 14th total of 7,727 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily trading volume, of 952,044 shares, the short-interest ratio is presently 0.0 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of JBDI in a research note on Friday, May 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat, JBDI currently has an average rating of “Sell”.

JBDI Stock Up 2.1%

NASDAQ:JBDI traded up $0.01 during mid-day trading on Wednesday, reaching $0.60. The company’s stock had a trading volume of 45,689 shares, compared to its average volume of 310,053. JBDI has a 1 year low of $0.39 and a 1 year high of $3.00. The stock has a fifty day moving average of $0.56 and a 200-day moving average of $0.70. 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 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.