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

Jewett-Cameron Trading Company (NASDAQ:JCTC) saw a large increase in short interest in the month of February. As of February 13th, there was short interest totaling 5,309 shares, an increase of 79.7% from the January 29th total of 2,954 shares. Based on an average daily volume of 31,689 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.2% of the company’s stock are short sold. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 31,689 shares, the days-to-cover ratio is currently 0.2 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Jewett-Cameron Trading in a report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Jewett-Cameron Trading has a consensus rating of “Sell”.

Jewett-Cameron Trading Price Performance

JCTC traded down $0.01 on Friday, reaching $1.86. 7,715 shares of the company traded hands, compared to its average volume of 33,962. The company has a market cap of $6.55 million, a price-to-earnings ratio of -0.88 and a beta of 0.16. The stock’s 50 day moving average price is $2.06 and its 200-day moving average price is $2.75. Jewett-Cameron Trading has a 52-week low of $1.66 and a 52-week high of $4.92.

Insider Activity

In other news, major shareholder Community Foundation Oregon sold 43,980 shares of the stock in a transaction on Friday, February 20th. The stock was sold at an average price of $1.81, for a total value of $79,603.80. Following the completion of the sale, the insider owned 785,959 shares in the company, valued at $1,422,585.79. This represents a 5.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders sold a total of 109,989 shares of company stock valued at $225,749 in the last ninety days. 1.33% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Jewett-Cameron Trading

A number of hedge funds have recently modified their holdings of JCTC. DRW Securities LLC purchased a new stake in shares of Jewett-Cameron Trading during the fourth quarter worth $44,000. Susquehanna International Group LLP purchased a new position in Jewett-Cameron Trading in the third quarter valued at about $54,000. Finally, Citadel Advisors LLC acquired a new position in Jewett-Cameron Trading in the 3rd quarter worth about $77,000. 26.05% of the stock is owned by institutional investors and hedge funds.

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.