Jewett-Cameron Trading Company (NASDAQ:JCTC) Sees Large Growth in Short Interest

Jewett-Cameron Trading Company (NASDAQ:JCTC) was the target of a large growth in short interest in February. As of February 13th, there was short interest totaling 5,309 shares, a growth of 79.7% from the January 29th total of 2,954 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily volume of 31,689 shares, the short-interest ratio is currently 0.2 days. Based on an average daily volume of 31,689 shares, the short-interest ratio is currently 0.2 days. Approximately 0.2% of the shares of the stock are short sold.

Jewett-Cameron Trading Stock Performance

NASDAQ:JCTC opened at $1.86 on Monday. Jewett-Cameron Trading has a 52-week low of $1.66 and a 52-week high of $4.92. The stock has a fifty day moving average of $2.06 and a 200 day moving average of $2.74. The firm has a market capitalization of $6.55 million, a price-to-earnings ratio of -0.88 and a beta of 0.13.

Insider Buying and Selling

In other Jewett-Cameron Trading news, major shareholder Community Foundation Oregon sold 43,980 shares of Jewett-Cameron Trading stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $1.81, for a total transaction of $79,603.80. Following the completion of the transaction, the insider owned 785,959 shares of the company’s stock, valued at $1,422,585.79. The trade was a 5.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In the last ninety days, insiders sold 109,989 shares of company stock valued at $225,749. 1.33% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Susquehanna International Group LLP bought a new position in shares of Jewett-Cameron Trading in the third quarter worth approximately $54,000. DRW Securities LLC purchased a new position in Jewett-Cameron Trading in the 4th quarter worth approximately $44,000. Finally, Citadel Advisors LLC bought a new position in shares of Jewett-Cameron Trading in the 3rd quarter worth $77,000. Hedge funds and other institutional investors own 26.05% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Jewett-Cameron Trading in a research report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Jewett-Cameron Trading currently has an average rating of “Sell”.

Jewett-Cameron Trading Company Profile

Jewett-Cameron Trading Company Ltd. is a supplier of `Value-added` building materials to major home improvement center chains in the western United States. The Company concentrates on the residential repair and remodeling segment of the building materials industry.