JBDI Holdings Limited (NASDAQ:JBDI) Sees Large Increase in Short Interest

JBDI Holdings Limited (NASDAQ:JBDI) was the target of a significant growth in short interest during the month of February. As of February 13th, there was short interest totaling 58,800 shares, a growth of 394.8% from the January 29th total of 11,883 shares. Based on an average trading volume of 2,214,788 shares, the short-interest ratio is currently 0.0 days. Approximately 0.3% of the shares of the stock are short sold. Approximately 0.3% of the shares of the stock are short sold. Based on an average trading volume of 2,214,788 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of JBDI in a research note on Friday, October 31st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.

JBDI Price Performance

JBDI stock opened at $0.71 on Friday. JBDI has a 12 month low of $0.49 and a 12 month high of $3.00. The business’s fifty day simple moving average is $0.76 and its two-hundred day simple moving average is $1.12. 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 (NASDAQ:JBDI) last issued its earnings results on Friday, February 6th. The company reported $0.00 earnings per share for the quarter. The business had revenue of $2.04 million during the quarter.

About JBDI

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.