Short Interest in 707 Cayman Holdings Limited (NASDAQ:JEM) Increases By 28.5%

707 Cayman Holdings Limited (NASDAQ:JEM) saw a significant growth in short interest in December. As of December 31st, there was short interest totaling 68,847 shares, a growth of 28.5% from the December 15th total of 53,567 shares. Based on an average daily trading volume, of 315,009 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.3% of the company’s shares are sold short. Currently, 0.3% of the company’s shares are sold short. Based on an average daily trading volume, of 315,009 shares, the days-to-cover ratio is currently 0.2 days.

707 Cayman Trading Up 1.9%

NASDAQ:JEM traded up $0.00 on Monday, hitting $0.18. 182,260 shares of the company’s stock traded hands, compared to its average volume of 231,320. 707 Cayman has a 1 year low of $0.17 and a 1 year high of $7.90. The firm has a 50-day moving average price of $0.22 and a 200-day moving average price of $1.46.

Institutional Investors Weigh In On 707 Cayman

An institutional investor recently bought a new position in 707 Cayman stock. Geode Capital Management LLC bought a new position in 707 Cayman Holdings Limited (NASDAQ:JEM) in the 2nd quarter, according to its most recent Form 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 approximately 0.06% of 707 Cayman as of its most recent SEC filing.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e)” rating on shares of 707 Cayman in a report on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

707 Cayman Company Profile

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.