Short Interest in JBDI Holdings Limited (NASDAQ:JBDI) Rises By 448.8%

JBDI Holdings Limited (NASDAQ:JBDI) saw a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 42,404 shares, a growth of 448.8% from the May 14th total of 7,727 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 952,044 shares, the days-to-cover ratio is presently 0.0 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of JBDI in a research note on Friday, May 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

JBDI Stock Performance

Shares of JBDI traded up $0.01 during trading hours on Wednesday, reaching $0.60. 45,689 shares of the company traded hands, compared to its average volume of 310,053. JBDI has a 12-month low of $0.39 and a 12-month high of $3.00. The stock’s fifty day moving average price is $0.56 and its 200 day moving average price is $0.70. The company has a quick ratio of 4.19, a current ratio of 4.46 and a debt-to-equity ratio of 0.25.

About JBDI

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. It serves solvent, chemical, petroleum, and edible product oil industries. The company was founded in 1983 and is based in Singapore. JBDI Holdings Limited operates as a subsidiary of E U Holdings Pte.