Short Interest in JBDI Holdings Limited (NASDAQ:JBDI) Drops By 57.2%

JBDI Holdings Limited (NASDAQ:JBDI) saw a significant decrease in short interest in the month of July. As of July 15th, there was short interest totaling 5,751 shares, a decrease of 57.2% from the June 30th total of 13,440 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 56,659 shares, the short-interest ratio is currently 0.1 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of JBDI in a research report on Friday, May 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell”.

JBDI Stock Performance

Shares of JBDI stock opened at $1.07 on Monday. The business has a 50 day simple moving average of $1.13 and a two-hundred day simple moving average of $1.28. JBDI has a 12 month low of $0.78 and a 12 month high of $6.00. The company has a debt-to-equity ratio of 0.25, a current ratio of 4.46 and a quick ratio of 4.19.

JBDI Company Profile

JBDI Holdings Limited engages in the trading of reconditioned and recycling containers in Singapore and the Southeast Asia region. The company offers reconditioning and recycling drums, including open top drums, metal drums, plastic drums, plastic carboys, and intermediate bulk containers, as well as new drums, and collects waste drums and related products. It serves solvent, chemical, petroleum, and edible product oil industries. The company was founded in 1983 and is based in Singapore. JBDI Holdings Limited operates as a subsidiary of E U Holdings Pte.