Jewett-Cameron Trading Company (NASDAQ:JCTC) Sees Large Increase in Short Interest

Jewett-Cameron Trading Company (NASDAQ:JCTC) saw a significant increase in short interest in March. As of March 13th, there was short interest totaling 25,372 shares, an increase of 84.0% from the February 26th total of 13,787 shares. Approximately 0.7% of the company’s stock are sold short. Based on an average trading volume of 7,415 shares, the short-interest ratio is currently 3.4 days.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Jewett-Cameron Trading in a research note on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Jewett-Cameron Trading presently has an average rating of “Sell”.

Jewett-Cameron Trading Price Performance

Shares of JCTC stock remained flat at $1.65 during trading hours on Friday. 3,647 shares of the company’s stock traded hands, compared to its average volume of 7,947. The stock has a market capitalization of $5.81 million, a P/E ratio of -0.78 and a beta of 0.13. The stock has a 50-day simple moving average of $1.84 and a 200 day simple moving average of $2.47. Jewett-Cameron Trading has a 52-week low of $1.55 and a 52-week high of $4.80.

Insider Buying and Selling at Jewett-Cameron Trading

In other Jewett-Cameron Trading news, major shareholder Community Foundation Oregon sold 43,980 shares of the firm’s stock in a transaction on Friday, February 20th. The stock was sold at an average price of $1.81, for a total transaction of $79,603.80. Following the transaction, the insider directly owned 785,959 shares in the company, valued at approximately $1,422,585.79. This trade represents a 5.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold a total of 88,175 shares of company stock valued at $168,400 in the last 90 days. 1.33% of the stock is owned by company insiders.

Hedge Funds Weigh In On Jewett-Cameron Trading

Institutional investors have recently bought and sold shares of the stock. DRW Securities LLC purchased a new position in Jewett-Cameron Trading during the fourth quarter valued at $44,000. Susquehanna International Group LLP bought a new stake in Jewett-Cameron Trading in the 3rd quarter worth approximately $54,000. Finally, Citadel Advisors LLC purchased a new position in shares of Jewett-Cameron Trading in the third quarter worth approximately $77,000. 26.05% of the stock is owned by institutional investors.

About Jewett-Cameron Trading

Jewett-Cameron Trading Company Ltd. is a supplier of `Value-added` building materials to major home improvement center chains in the western United States. The Company concentrates on the residential repair and remodeling segment of the building materials industry.