707 Cayman Holdings Limited (NASDAQ:JEM) Short Interest Down 44.2% in May
by Mitch Edgeman · The Markets Daily707 Cayman Holdings Limited (NASDAQ:JEM – Get Free Report) saw a large drop in short interest in May. As of May 29th, there was short interest totaling 41,427 shares, a drop of 44.2% from the May 14th total of 74,279 shares. Based on an average daily volume of 143,092 shares, the short-interest ratio is currently 0.3 days. Approximately 2.3% of the company’s stock are short sold.
Hedge Funds Weigh In On 707 Cayman
A hedge fund recently bought a new stake in 707 Cayman stock. Geode Capital Management LLC bought a new position in shares of 707 Cayman Holdings Limited (NASDAQ:JEM – Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 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.
Analyst Ratings Changes
Separately, Weiss Ratings downgraded 707 Cayman from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.
Get Our Latest Stock Report on JEM
707 Cayman Stock Up 0.5%
Shares of JEM stock traded up $0.01 during trading on Monday, reaching $2.19. The company had a trading volume of 231,779 shares, compared to its average volume of 654,173. The firm’s 50 day simple moving average is $1.65 and its two-hundred day simple moving average is $2.64. 707 Cayman has a one year low of $1.02 and a one year high of $158.00.
About 707 Cayman
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.