Short Interest in 707 Cayman Holdings Limited (NASDAQ:JEM) Expands By 177.8%

by · The Cerbat Gem

707 Cayman Holdings Limited (NASDAQ:JEM – Get Free Report) saw a large growth in short interest in July. As of July 31st, there was short interest totaling 68,740 shares, a growth of 177.8% from the July 15th total of 24,740 shares. Approximately 10.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 3,675,800 shares, the days-to-cover ratio is presently 0.0 days.

Analysts Set New Price Targets

JEM has been the subject of several research analyst reports. Wall Street Zen upgraded shares of 707 Cayman to a “hold” rating in a research report on Saturday, July 25th. Weiss Ratings raised 707 Cayman from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, August 7th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.

Check Out Our Latest Report on 707 Cayman

707 Cayman Price Performance

Shares of NASDAQ:JEM opened at $4.32 on Friday. The firm has a 50 day simple moving average of $15.08 and a 200 day simple moving average of $20.55. 707 Cayman has a one year low of $3.40 and a one year high of $1,065.60.

707 Cayman (NASDAQ:JEM – Get Free Report) last posted its earnings results on Monday, August 10th. The company reported ($41.30) earnings per share for the quarter. The business had revenue of $2.22 million for the quarter.

Insider Buying and Selling at 707 Cayman

In other news, major shareholder Financial Lp Hrt sold 4,034 shares of the company’s stock in a transaction that occurred on Friday, July 10th. The shares were sold at an average price of $7.20, for a total transaction of $29,044.80. Following the completion of the sale, the insider owned 11,500 shares of the company’s stock, valued at approximately $82,800. This represents a 25.97% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last ninety days, insiders have purchased 147,842 shares of company stock worth $456,127 and have sold 61,812 shares worth $185,017.

Institutional Investors Weigh In On 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 – Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 13,807 shares of the company’s stock, valued at approximately $72,000. Geode Capital Management LLC owned about 0.06% of 707 Cayman as of its most recent SEC filing.

707 Cayman Company Profile

(Get Free Report)

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.

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