707 Cayman Holdings Limited (NASDAQ:JEM) Short Interest Update

707 Cayman Holdings Limited (NASDAQ:JEM) was the recipient of a large growth in short interest in February. As of February 13th, there was short interest totaling 314,064 shares, a growth of 134.1% from the January 29th total of 134,139 shares. Approximately 1.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 3,717,628 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 3,717,628 shares, the days-to-cover ratio is presently 0.1 days. Approximately 1.2% of the shares of the stock are sold short.

707 Cayman Stock Performance

707 Cayman stock traded up $0.00 during midday trading on Friday, reaching $0.10. The stock had a trading volume of 197,403,852 shares, compared to its average volume of 2,317,024. 707 Cayman has a 52-week low of $0.09 and a 52-week high of $7.90. The company has a fifty day moving average of $0.16 and a 200 day moving average of $0.60.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e)” rating on shares of 707 Cayman in a research report on Monday, December 29th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

Institutional Investors Weigh In On 707 Cayman

A hedge fund recently bought a new stake in 707 Cayman stock. Geode Capital Management LLC acquired a new stake in 707 Cayman Holdings Limited (NASDAQ:JEM) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 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.

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.