Jewett-Cameron Trading Company (NASDAQ:JCTC) Shares Shorted: Short Interest Down 49.6% in September

by · The Markets Daily

Jewett-Cameron Trading Company (NASDAQ:JCTC – Get Free Report) was the target of a significant decline in short interest during the month of September. As of September 30th, there was short interest totaling 21,645 shares, a decline of 49.6% from the September 15th total of 42,952 shares. Based on an average trading volume of 6,971 shares, the short-interest ratio is currently 3.1 days. Currently, 0.6% of the company’s stock are sold short.

Insider Activity

In related news, major shareholder Community Foundation Oregon sold 176,006 shares of Jewett-Cameron Trading stock in a transaction that occurred on Wednesday, September 30th. The shares were sold at an average price of $1.85, for a total value of $325,611.10. Following the completion of the sale, the insider directly owned 562,528 shares in the company, valued at $1,040,676.80. This trade represents a 23.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Ajb Investment Fund Ii, Lp acquired 15,457 shares of the stock in a transaction dated Thursday, August 13th. The shares were bought at an average price of $2.90 per share, with a total value of $44,825.30. Following the completion of the purchase, the insider directly owned 455,831 shares of the company’s stock, valued at approximately $1,321,909.90. This trade represents a 3.51% increase in their position. The SEC filing for this purchase provides additional information. In the last 90 days, insiders have bought 103,153 shares of company stock worth $296,341. Corporate insiders own 1.33% of the company’s stock.

Jewett-Cameron Trading Price Performance

Shares of NASDAQ JCTC remained flat at $2.92 during mid-day trading on Thursday. 7,283 shares of the stock were exchanged, compared to its average volume of 22,881. The firm has a market cap of $10.28 million, a PE ratio of -1.24 and a beta of 0.42. Jewett-Cameron Trading has a 1-year low of $1.54 and a 1-year high of $3.40. The business has a fifty day simple moving average of $2.95 and a 200-day simple moving average of $2.44.

Jewett-Cameron Trading (NASDAQ:JCTC – Get Free Report) last issued its earnings results on Tuesday, July 14th. The company reported ($0.23) earnings per share (EPS) for the quarter. The company had revenue of $9.85 million during the quarter. Jewett-Cameron Trading had a negative return on equity of 38.35% and a negative net margin of 20.94%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded Jewett-Cameron Trading from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, August 5th. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

View Our Latest Stock Analysis on JCTC

Jewett-Cameron Trading Company Profile

(Get Free Report)

Jewett-Cameron Trading Company Ltd. (NASDAQ:JCTC) develops, manufactures and distributes products for outdoor living, animal management and related applications. Its offerings are designed for residential, agricultural, commercial and industrial customers and are sold through retail, wholesale and online distribution channels.

The company’s product portfolio includes fencing systems, gates, garden and landscaping products, tree supports, outdoor structures and animal-management products such as kennel panels and pet enclosures.

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