Short Interest in JFB Construction Holding (NASDAQ:JFB) Drops By 25.1%

JFB Construction Holding (NASDAQ:JFB) was the recipient of a significant decline in short interest during the month of January. As of January 30th, there was short interest totaling 34,800 shares, a decline of 25.1% from the January 15th total of 46,472 shares. Based on an average daily volume of 48,643 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.4% of the shares of the stock are sold short. Approximately 0.4% of the shares of the stock are sold short. Based on an average daily volume of 48,643 shares, the days-to-cover ratio is presently 0.7 days.

Insider Transactions at JFB Construction

In other news, CEO Joseph Frank Basile III purchased 5,900 shares of the business’s stock in a transaction on Monday, December 8th. The stock was acquired at an average price of $16.79 per share, for a total transaction of $99,061.00. Following the acquisition, the chief executive officer directly owned 430,900 shares of the company’s stock, valued at $7,234,811. This represents a 1.39% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Ruben Calderon acquired 1,550 shares of the firm’s stock in a transaction dated Wednesday, December 10th. The shares were purchased at an average cost of $18.72 per share, for a total transaction of $29,016.00. Following the completion of the acquisition, the chief financial officer directly owned 26,550 shares in the company, valued at approximately $497,016. This represents a 6.20% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure.

Hedge Funds Weigh In On JFB Construction

A number of large investors have recently bought and sold shares of the business. Nomura Holdings Inc. purchased a new stake in JFB Construction in the third quarter worth $258,000. Yorkville Advisors Global LP bought a new stake in JFB Construction during the 3rd quarter valued at about $258,000. Geode Capital Management LLC boosted its position in JFB Construction by 21.1% in the 4th quarter. Geode Capital Management LLC now owns 12,434 shares of the company’s stock valued at $182,000 after buying an additional 2,168 shares during the period. Finally, Marshall Wace LLP bought a new position in JFB Construction in the 4th quarter worth about $604,000.

Analyst Ratings Changes

A number of brokerages have commented on JFB. Wall Street Zen raised shares of JFB Construction from a “sell” rating to a “hold” rating in a research note on Saturday, January 10th. Weiss Ratings reiterated a “sell (d-)” rating on shares of JFB Construction in a research report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

JFB Construction Trading Up 6.2%

Shares of JFB opened at $29.87 on Tuesday. JFB Construction has a twelve month low of $3.39 and a twelve month high of $34.65. The company has a fifty day moving average price of $20.57. The stock has a market capitalization of $283.77 million and a P/E ratio of -80.73.

JFB Construction (NASDAQ:JFB) last issued its quarterly earnings results on Friday, November 14th. The company reported ($0.11) EPS for the quarter. JFB Construction had a negative net margin of 14.07% and a negative return on equity of 31.22%. The firm had revenue of $4.98 million for the quarter.

JFB Construction Company Profile

JFB is a commercial and residential real estate construction and development company. The Company’s management is dedicated to delivering high-quality services to commercial and residential markets, such as retail corporate buildouts, multifamily community developments and luxury residential homes, with a focus on fostering long-term relationships with clients, partners, and communities. Our comprehensive suite of services encompasses everything from initial project planning and design to the final stages of construction and project management.