707 Cayman Holdings Limited (NASDAQ:JEM) Sees Significant Growth in Short Interest

707 Cayman Holdings Limited (NASDAQ:JEMGet Free Report) was the target of a significant growth in short interest during the month of March. As of March 31st, there was short interest totaling 812,313 shares, a growth of 54.7% from the March 15th total of 525,164 shares. Based on an average daily volume of 9,868,527 shares, the days-to-cover ratio is presently 0.1 days. Currently, 3.1% of the shares of the stock are sold short.

Institutional Investors Weigh In On 707 Cayman

An institutional investor recently bought a new position in 707 Cayman stock. Geode Capital Management LLC bought a new position in 707 Cayman Holdings Limited (NASDAQ:JEMFree Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 13,807 shares of the company’s stock, valued at approximately $72,000. Geode Capital Management LLC owned about 0.06% of 707 Cayman at the end of the most recent quarter.

707 Cayman Trading Down 5.6%

JEM stock opened at $1.51 on Thursday. 707 Cayman has a 52 week low of $1.30 and a 52 week high of $158.00. The company has a fifty day simple moving average of $2.09 and a two-hundred day simple moving average of $4.09.

Wall Street Analysts Forecast Growth

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

Check Out Our Latest Stock Report on 707 Cayman

707 Cayman Company Profile

(Get Free Report)

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.

Further Reading

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