JFB Construction Holding (NASDAQ:JFB) Short Interest Up 28.1% in March

JFB Construction Holding (NASDAQ:JFB) was the target of a significant increase in short interest during the month of March. As of March 13th, there was short interest totaling 165,502 shares, an increase of 28.1% from the February 26th total of 129,191 shares. Approximately 2.4% of the company’s stock are sold short. Based on an average daily trading volume, of 162,444 shares, the days-to-cover ratio is currently 1.0 days.

Institutional Investors Weigh In On JFB Construction

A number of institutional investors and hedge funds have recently modified their holdings of JFB. Geode Capital Management LLC boosted its position in JFB Construction by 21.1% in the fourth 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 last quarter. Yorkville Advisors Global LP purchased a new position in JFB Construction during the 3rd quarter worth approximately $258,000. Nomura Holdings Inc. purchased a new position in JFB Construction during the 3rd quarter worth approximately $258,000. 683 Capital Management LLC acquired a new stake in JFB Construction during the 4th quarter valued at approximately $389,000. Finally, Marshall Wace LLP acquired a new stake in JFB Construction during the 4th quarter valued at approximately $604,000.

JFB Construction Stock Performance

Shares of JFB opened at $7.27 on Monday. The stock’s 50-day moving average price is $6.19. The firm has a market cap of $102.00 million and a PE ratio of -19.65. JFB Construction has a one year low of $1.80 and a one year high of $17.55.

Wall Street Analysts Forecast Growth

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

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.