Short Interest in JELD-WEN Holding, Inc. (NYSE:JELD) Increases By 54.9%

JELD-WEN Holding, Inc. (NYSE:JELD) saw a significant growth in short interest in March. As of March 31st, there was short interest totaling 7,539,846 shares, a growth of 54.9% from the March 15th total of 4,867,692 shares. Approximately 8.9% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,715,858 shares, the short-interest ratio is presently 4.4 days.

JELD-WEN Stock Performance

Shares of JELD-WEN stock opened at $1.18 on Thursday. The company has a quick ratio of 0.99, a current ratio of 1.76 and a debt-to-equity ratio of 12.47. The stock has a market cap of $101.41 million, a price-to-earnings ratio of -0.16 and a beta of 1.91. The company’s fifty day moving average is $1.69 and its 200 day moving average is $2.65. JELD-WEN has a twelve month low of $0.93 and a twelve month high of $6.98.

JELD-WEN (NYSE:JELD) last issued its quarterly earnings results on Tuesday, February 17th. The company reported ($0.42) EPS for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.19). The firm had revenue of $801.96 million for the quarter, compared to the consensus estimate of $747.20 million. JELD-WEN had a negative net margin of 18.96% and a negative return on equity of 29.63%. Sell-side analysts forecast that JELD-WEN will post 0.88 EPS for the current year.

Institutional Trading of JELD-WEN

A number of institutional investors have recently bought and sold shares of JELD. Performa Ltd US LLC boosted its position in JELD-WEN by 73.8% during the fourth quarter. Performa Ltd US LLC now owns 12,950 shares of the company’s stock valued at $32,000 after acquiring an additional 5,500 shares during the last quarter. GAMMA Investing LLC boosted its position in JELD-WEN by 264.0% during the fourth quarter. GAMMA Investing LLC now owns 13,443 shares of the company’s stock valued at $33,000 after acquiring an additional 9,750 shares during the last quarter. Parkwoods Wealth Partners LLC bought a new stake in JELD-WEN during the fourth quarter valued at $34,000. Aaron Wealth Advisors LLC bought a new stake in JELD-WEN during the fourth quarter valued at $36,000. Finally, Banco BTG Pactual S.A. bought a new stake in JELD-WEN during the fourth quarter valued at $38,000. Institutional investors own 95.04% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on JELD shares. Zacks Research upgraded shares of JELD-WEN from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 6th. The Goldman Sachs Group lowered their price target on shares of JELD-WEN from $3.75 to $3.25 and set a “neutral” rating for the company in a report on Tuesday, January 13th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of JELD-WEN in a report on Monday, December 29th. Six research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target of $3.35.

About JELD-WEN

JELD-WEN is a global manufacturer of windows and doors and related building products, serving both residential and commercial markets. The company’s portfolio includes wood, vinyl and aluminum windows; interior wood doors; and exterior doors crafted from steel, fiberglass and composite materials. JELD-WEN’s products are designed for new construction and remodeling applications, with an emphasis on quality, durability and energy efficiency.

Founded in 1960 in Klamath Falls, Oregon, JELD-WEN has grown through a combination of organic expansion and strategic acquisitions to establish a manufacturing footprint in North America, Europe and Australasia.