Janus International Group, Inc. (NYSE:JBI) Short Interest Update

Janus International Group, Inc. (NYSE:JBIGet Free Report) was the recipient of a significant drop in short interest in the month of November. As of November 15th, there was short interest totalling 13,310,000 shares, a drop of 12.7% from the October 31st total of 15,240,000 shares. Based on an average daily volume of 2,320,000 shares, the short-interest ratio is presently 5.7 days. Currently, 9.8% of the shares of the company are sold short.

Janus International Group Trading Up 2.5 %

JBI stock traded up $0.19 during midday trading on Tuesday, hitting $7.74. The stock had a trading volume of 1,127,648 shares, compared to its average volume of 2,012,042. The firm has a market cap of $1.09 billion, a PE ratio of 10.75 and a beta of 0.91. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.80 and a quick ratio of 2.39. Janus International Group has a 12-month low of $6.68 and a 12-month high of $15.86. The company’s 50-day moving average price is $8.68 and its 200 day moving average price is $11.06.

Janus International Group (NYSE:JBIGet Free Report) last released its earnings results on Tuesday, October 29th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.09). The firm had revenue of $230.10 million during the quarter, compared to analysts’ expectations of $248.21 million. Janus International Group had a return on equity of 21.10% and a net margin of 10.62%. The firm’s revenue was down 17.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.27 earnings per share. On average, equities research analysts predict that Janus International Group will post 0.54 earnings per share for the current fiscal year.

Institutional Trading of Janus International Group

Several hedge funds and other institutional investors have recently bought and sold shares of JBI. Sage Mountain Advisors LLC boosted its holdings in shares of Janus International Group by 4.5% in the 2nd quarter. Sage Mountain Advisors LLC now owns 23,200 shares of the company’s stock valued at $293,000 after purchasing an additional 990 shares during the last quarter. Atria Investments Inc boosted its holdings in shares of Janus International Group by 13.4% in the 3rd quarter. Atria Investments Inc now owns 13,889 shares of the company’s stock valued at $140,000 after purchasing an additional 1,643 shares during the last quarter. Amalgamated Bank boosted its holdings in shares of Janus International Group by 73.2% in 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. Price T Rowe Associates Inc. MD lifted its holdings in shares of Janus International Group by 13.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 24,278 shares of the company’s stock valued at $368,000 after acquiring an additional 2,799 shares in the last quarter. Finally, Comerica Bank lifted its holdings in shares of Janus International Group by 78.8% during the 1st quarter. Comerica Bank now owns 6,721 shares of the company’s stock valued at $102,000 after acquiring an additional 2,962 shares in the last quarter. 88.78% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on JBI shares. Wolfe Research downgraded shares of Janus International Group from an “outperform” rating to a “peer perform” rating in a research report on Monday, August 12th. UBS Group reduced their price target on shares of Janus International Group from $12.00 to $8.50 and set a “neutral” rating for the company in a research report on Wednesday, October 30th. KeyCorp reduced their price target on shares of Janus International Group from $13.00 to $11.00 and set an “overweight” rating for the company in a research report on Wednesday, October 30th. Benchmark reduced their price target on shares of Janus International Group from $21.00 to $14.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Finally, Jefferies Financial Group downgraded shares of Janus International Group from a “buy” rating to a “hold” rating and reduced their price target for the company from $12.00 to $7.50 in a research report on Monday, November 4th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $10.25.

Read Our Latest Research Report on Janus International Group

About Janus International Group

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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.

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