JFB Construction Holding (NASDAQ:JFB) Sees Significant Increase in Short Interest

JFB Construction Holding (NASDAQ:JFB) was the target of a large increase in short interest in the month of February. As of February 13th, there was short interest totaling 64,374 shares, an increase of 85.0% from the January 29th total of 34,800 shares. Based on an average daily volume of 91,719 shares, the short-interest ratio is currently 0.7 days. Currently, 0.7% of the shares of the company are short sold. Currently, 0.7% of the shares of the company are short sold. Based on an average daily volume of 91,719 shares, the short-interest ratio is currently 0.7 days.

JFB Construction Stock Down 3.1%

NASDAQ JFB opened at $15.17 on Monday. The firm’s fifty day moving average is $21.09. JFB Construction has a fifty-two week low of $3.39 and a fifty-two week high of $35.10. The stock has a market capitalization of $144.12 million and a P/E ratio of -41.00.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on JFB shares. Weiss Ratings restated a “sell (d-)” rating on shares of JFB Construction in a research note on Monday, December 29th. Wall Street Zen raised shares of JFB Construction from a “sell” rating to a “hold” rating in a report on Saturday, January 10th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, JFB Construction has a consensus rating of “Sell”.

Insiders Place Their Bets

In other news, CEO Joseph Frank Basile III purchased 5,900 shares of the stock in a transaction dated Monday, December 8th. The shares were purchased at an average cost of $16.79 per share, with a total value 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 ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Ruben Calderon purchased 1,550 shares of the company’s stock in a transaction dated Wednesday, December 10th. The stock was purchased at an average price of $18.72 per share, for a total transaction of $29,016.00. Following the completion of the purchase, the chief financial officer owned 26,550 shares in the company, valued at approximately $497,016. The trade was a 6.20% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in JFB. Marshall Wace LLP bought a new stake in JFB Construction during the 4th quarter worth approximately $604,000. 683 Capital Management LLC bought a new position in shares of JFB Construction in the fourth quarter worth approximately $389,000. Yorkville Advisors Global LP purchased a new stake in shares of JFB Construction in the third quarter worth $258,000. Nomura Holdings Inc. bought a new stake in shares of JFB Construction during the 3rd quarter valued at $258,000. Finally, Geode Capital Management LLC raised its position in shares of JFB Construction by 21.1% during the 4th quarter. Geode Capital Management LLC now owns 12,434 shares of the company’s stock valued at $182,000 after purchasing an additional 2,168 shares during the period.

About JFB Construction

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.