707 Cayman Holdings Limited (NASDAQ:JEM) Sees Large Increase in Short Interest

707 Cayman Holdings Limited (NASDAQ:JEM) was the recipient of a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 330,900 shares, an increase of 330.3% from the August 31st total of 76,900 shares. Based on an average daily volume of 5,350,000 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 5,350,000 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in 707 Cayman stock. Geode Capital Management LLC acquired a new position in 707 Cayman Holdings Limited (NASDAQ:JEM) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 13,807 shares of the company’s stock, valued at approximately $72,000. Geode Capital Management LLC owned approximately 0.06% of 707 Cayman as of its most recent filing with the Securities and Exchange Commission (SEC).

707 Cayman Price Performance

NASDAQ:JEM opened at $0.39 on Friday. The business has a fifty day simple moving average of $2.52. 707 Cayman has a 1 year low of $0.26 and a 1 year high of $7.90.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on JEM shares. Wall Street Zen raised 707 Cayman to a “hold” rating in a report on Saturday, July 5th. Weiss Ratings reaffirmed a “sell (e-)” rating on shares of 707 Cayman in a report on Thursday, September 18th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.

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.