Short Interest in Janus International Group, Inc. (NYSE:JBI) Expands By 6.5%

Janus International Group, Inc. (NYSE:JBI) was the recipient of a large increase in short interest during the month of September. As of September 30th, there was short interest totalling 22,290,000 shares, an increase of 6.5% from the September 15th total of 20,930,000 shares. Based on an average daily volume of 2,480,000 shares, the days-to-cover ratio is currently 9.0 days. Approximately 16.0% of the shares of the company are sold short.

Analyst Ratings Changes

JBI has been the topic of a number of recent analyst reports. Jefferies Financial Group dropped their price objective on Janus International Group from $15.00 to $12.00 and set a “buy” rating on the stock in a research note on Tuesday, September 10th. Benchmark cut their price target on Janus International Group from $21.00 to $14.00 and set a “buy” rating for the company in a report on Friday, August 9th. Wolfe Research cut Janus International Group from an “outperform” rating to a “peer perform” rating in a research report on Monday, August 12th. KeyCorp dropped their target price on shares of Janus International Group from $15.00 to $13.00 and set an “overweight” rating on the stock in a research report on Monday. Finally, UBS Group reduced their price target on shares of Janus International Group from $14.50 to $12.00 and set a “neutral” rating for the company in a report on Thursday, August 8th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $12.75.

Janus International Group Stock Performance

Shares of NYSE JBI opened at $10.41 on Thursday. Janus International Group has a one year low of $9.16 and a one year high of $15.86. The company has a current ratio of 2.82, a quick ratio of 2.47 and a debt-to-equity ratio of 1.05. The business has a fifty day simple moving average of $10.32 and a 200 day simple moving average of $12.56. The firm has a market capitalization of $1.52 billion, a price-to-earnings ratio of 10.96 and a beta of 0.88.

Janus International Group (NYSE:JBI) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.07). The business had revenue of $248.40 million during the quarter, compared to analyst estimates of $287.42 million. Janus International Group had a return on equity of 26.03% and a net margin of 12.52%. Sell-side analysts expect that Janus International Group will post 0.84 EPS for the current year.

Insider Buying and Selling

In other Janus International Group news, insider Peter Frayser sold 15,000 shares of the stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $15.00, for a total transaction of $225,000.00. Following the transaction, the insider now owns 217,805 shares in the company, valued at $3,267,075. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 3.94% of the company’s stock.

Institutional Trading of Janus International Group

Several institutional investors have recently bought and sold shares of the stock. Point72 Hong Kong Ltd bought a new position in shares of Janus International Group during the second quarter valued at $60,000. Amalgamated Bank lifted its holdings in Janus International Group by 73.2% during the 2nd quarter. Amalgamated Bank now owns 4,909 shares of the company’s stock valued at $62,000 after purchasing an additional 2,074 shares during the last quarter. Quarry LP boosted its position in Janus International Group by 216.4% in the second quarter. Quarry LP now owns 6,527 shares of the company’s stock valued at $82,000 after buying an additional 4,464 shares in the last quarter. Comerica Bank grew its stake in Janus International Group by 78.8% during the first quarter. Comerica Bank now owns 6,721 shares of the company’s stock worth $102,000 after buying an additional 2,962 shares during the last quarter. Finally, SkyView Investment Advisors LLC acquired a new stake in shares of Janus International Group during the second quarter worth approximately $126,000. Institutional investors and hedge funds own 88.78% of the company’s stock.

About Janus International Group

Janus International Group, Inc manufacturers and supplies turn-key self-storage, and commercial and industrial building solutions in North America and internationally. The company offers roll up and swing doors, hallway systems, relocatable storage moveable additional storage structures units, and other solutions.