Short Interest in Jewett-Cameron Trading Company (NASDAQ:JCTC) Increases By 84.0%

Jewett-Cameron Trading Company (NASDAQ:JCTC) was the recipient of a large growth in short interest in the month of March. As of March 13th, there was short interest totaling 25,372 shares, a growth of 84.0% from the February 26th total of 13,787 shares. Based on an average daily trading volume, of 7,415 shares, the short-interest ratio is currently 3.4 days. Approximately 0.7% of the company’s stock are short sold.

Jewett-Cameron Trading Price Performance

Shares of NASDAQ JCTC opened at $1.65 on Friday. The firm’s 50-day moving average price is $1.84 and its two-hundred day moving average price is $2.49. Jewett-Cameron Trading has a 52-week low of $1.55 and a 52-week high of $4.80. The stock has a market capitalization of $5.81 million, a P/E ratio of -0.78 and a beta of 0.13.

Analysts Set New Price Targets

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

Insider Buying and Selling

In other Jewett-Cameron Trading news, major shareholder Community Foundation Oregon sold 43,980 shares of the company’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $1.81, for a total value of $79,603.80. Following the completion of the transaction, the insider directly owned 785,959 shares of the company’s stock, valued at $1,422,585.79. This represents a 5.30% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In the last quarter, insiders have sold 88,175 shares of company stock valued at $168,400. Insiders own 1.33% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in JCTC. Susquehanna International Group LLP bought a new stake in Jewett-Cameron Trading in the third quarter valued at $54,000. DRW Securities LLC bought a new position in shares of Jewett-Cameron Trading during the fourth quarter worth about $44,000. Finally, Citadel Advisors LLC bought a new position in shares of Jewett-Cameron Trading during the third quarter worth about $77,000. Institutional investors and hedge funds own 26.05% of the company’s stock.

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.