JE Cleantech Holdings Limited (NASDAQ:JCSE) Sees Significant Decline in Short Interest

JE Cleantech Holdings Limited (NASDAQ:JCSE) saw a large drop in short interest in the month of June. As of June 30th, there was short interest totaling 8,787 shares, a drop of 47.2% from the June 15th total of 16,641 shares. Currently, 0.5% of the shares of the stock are sold short. Based on an average trading volume of 21,817 shares, the short-interest ratio is presently 0.4 days.

JE Cleantech Stock Performance

JE Cleantech stock traded down $0.01 during mid-day trading on Thursday, hitting $1.35. 11,006 shares of the company were exchanged, compared to its average volume of 765,049. The business has a fifty day moving average of $1.31 and a 200 day moving average of $1.28. JE Cleantech has a 1-year low of $0.77 and a 1-year high of $2.50. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.81 and a current ratio of 2.72.

JE Cleantech (NASDAQ:JCSE) last issued its earnings results on Friday, May 8th. The company reported $0.30 EPS for the quarter. The firm had revenue of $5.33 million during the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of JE Cleantech in a research note on Wednesday, June 24th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.

JE Cleantech Company Profile

JE Cleantech Holdings Ltd. is an Israel-based environmental technology firm specializing in advanced water and wastewater treatment solutions. The company designs, manufactures and markets a suite of modular treatment systems that integrate proprietary membrane filtration, advanced oxidation processes, biological treatment and customized chemical formulations. Its offerings address water purification, recycling and process water challenges across municipal, industrial and agricultural end markets.

Through a combination of standardized equipment platforms and bespoke engineering services, JE Cleantech helps clients meet stringent regulatory requirements, reduce freshwater intake and lower overall treatment costs.