Jewett-Cameron Trading Company (NASDAQ:JCTC) Short Interest Up 159.7% in February

by · The Cerbat Gem

Jewett-Cameron Trading Company (NASDAQ:JCTCGet Free Report) was the recipient of a large increase in short interest during the month of February. As of February 27th, there was short interest totaling 13,787 shares, an increase of 159.7% from the February 12th total of 5,309 shares. Approximately 0.4% of the shares of the company are sold short. Based on an average trading volume of 25,454 shares, the short-interest ratio is presently 0.5 days. Based on an average trading volume of 25,454 shares, the short-interest ratio is presently 0.5 days. Approximately 0.4% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Jewett-Cameron Trading in a research note on Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Jewett-Cameron Trading has an average rating of “Sell”.

Read Our Latest Analysis on JCTC

Insiders Place Their Bets

In other Jewett-Cameron Trading news, major shareholder Community Foundation Oregon sold 43,980 shares of the stock in a transaction on 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 represents a 5.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last ninety days, insiders sold 122,075 shares of company stock worth $245,326. 1.33% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Jewett-Cameron Trading

Several hedge funds have recently modified their holdings of JCTC. DRW Securities LLC purchased a new stake in shares of Jewett-Cameron Trading during the fourth quarter worth about $44,000. Susquehanna International Group LLP purchased a new position in shares of Jewett-Cameron Trading during the third quarter valued at approximately $54,000. Finally, Citadel Advisors LLC acquired a new stake in Jewett-Cameron Trading during the third quarter worth approximately $77,000. 26.05% of the stock is owned by institutional investors and hedge funds.

Jewett-Cameron Trading Stock Down 1.4%

Shares of JCTC traded down $0.03 during trading hours on Thursday, reaching $1.79. 7,751 shares of the company traded hands, compared to its average volume of 27,895. The stock has a market capitalization of $6.31 million, a PE ratio of -0.85 and a beta of 0.13. The stock has a fifty day simple moving average of $1.98 and a 200 day simple moving average of $2.63. Jewett-Cameron Trading has a fifty-two week low of $1.64 and a fifty-two week high of $4.91.

About Jewett-Cameron Trading

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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.

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