Short Interest in 707 Cayman Holdings Limited (NASDAQ:JEM) Declines By 49.0%

707 Cayman Holdings Limited (NASDAQ:JEM) was the recipient of a significant drop in short interest during the month of February. As of February 27th, there was short interest totaling 160,065 shares, a drop of 49.0% from the February 12th total of 314,064 shares. Based on an average daily trading volume, of 22,436,215 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.6% of the company’s shares are sold short. Currently, 0.6% of the company’s shares are sold short. Based on an average daily trading volume, of 22,436,215 shares, the days-to-cover ratio is presently 0.0 days.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On 707 Cayman

An institutional investor recently bought a new position in 707 Cayman stock. Geode Capital Management LLC acquired a new stake in 707 Cayman Holdings Limited (NASDAQ:JEM) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 13,807 shares of the company’s stock, valued at approximately $72,000. Geode Capital Management LLC owned 0.06% of 707 Cayman at the end of the most recent quarter.

707 Cayman Stock Down 3.7%

Shares of 707 Cayman stock traded down $0.00 on Friday, hitting $0.09. The stock had a trading volume of 552,725 shares, compared to its average volume of 18,910,612. 707 Cayman has a one year low of $0.07 and a one year high of $7.90. The stock’s 50-day simple moving average is $0.14 and its two-hundred day simple moving average is $0.33.

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.