JBDI Holdings Limited (NASDAQ:JBDI) Short Interest Down 31.1% in October

JBDI Holdings Limited (NASDAQ:JBDI) was the target of a large decline in short interest in October. As of October 15th, there was short interest totaling 49,700 shares, a decline of 31.1% from the September 30th total of 72,100 shares. Based on an average daily trading volume, of 1,340,000 shares, the short-interest ratio is presently 0.0 days. Approximately 0.3% of the shares of the stock are short sold. Approximately 0.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,340,000 shares, the short-interest ratio is presently 0.0 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of JBDI in a research note on Friday, October 31st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, JBDI currently has an average rating of “Sell”.

JBDI Stock Performance

Shares of JBDI stock opened at $1.12 on Wednesday. JBDI has a 52-week low of $0.49 and a 52-week high of $3.00. The company has a fifty day moving average of $1.60 and a 200-day moving average of $1.22. The company has a quick ratio of 3.00, a current ratio of 3.18 and a debt-to-equity ratio of 0.26.

JBDI Company Profile

JBDI Holdings Limited engages in the trading of reconditioned and recycling containers in Singapore and the Southeast Asia region. The company offers reconditioning and recycling drums, including open top drums, metal drums, plastic drums, plastic carboys, and intermediate bulk containers, as well as new drums, and collects waste drums and related products.