JBDI Holdings Limited (NASDAQ:JBDI) Short Interest Update

JBDI Holdings Limited (NASDAQ:JBDI) saw a significant growth in short interest in July. As of July 31st, there was short interest totaling 40,057 shares, a growth of 596.5% from the July 15th total of 5,751 shares. Based on an average daily volume of 81,088 shares, the short-interest ratio is currently 0.5 days. Approximately 0.4% of the shares of the stock are short sold.

Analysts Set New Price Targets

Separately, Weiss Ratings raised shares of JBDI from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, July 29th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, JBDI has an average rating of “Sell”.

JBDI Stock Down 3.3%

Shares of JBDI stock traded down $0.04 on Wednesday, reaching $1.32. 4,052 shares of the stock were exchanged, compared to its average volume of 134,288. The company has a current ratio of 4.46, a quick ratio of 4.19 and a debt-to-equity ratio of 0.25. JBDI has a one year low of $0.78 and a one year high of $6.00. The stock has a 50 day moving average price of $1.19 and a 200 day moving average price of $1.28.

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.