707 Cayman Holdings Limited (NASDAQ:JEM) Short Interest Up 109.6% in August

707 Cayman Holdings Limited (NASDAQ:JEM) was the recipient of a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 31,816 shares, an increase of 109.6% from the August 15th total of 15,179 shares. Approximately 4.7% of the company’s shares are sold short. Based on an average daily trading volume, of 2,062,199 shares, the short-interest ratio is currently 0.0 days.

707 Cayman Stock Performance

Shares of NASDAQ:JEM traded down $0.04 during midday trading on Monday, hitting $3.97. 20,153 shares of the stock traded hands, compared to its average volume of 563,510. The business’s 50 day moving average is $5.64 and its two-hundred day moving average is $16.34. 707 Cayman has a one year low of $3.40 and a one year high of $135.24.

707 Cayman (NASDAQ:JEM) last posted its earnings results on Monday, August 10th. The company reported ($41.30) earnings per share (EPS) for the quarter. The company had revenue of $2.22 million during the quarter.

Analysts Set New Price Targets

Several analysts have weighed in on JEM shares. Wall Street Zen upgraded 707 Cayman to a “hold” rating in a research report on Saturday, July 25th. Weiss Ratings cut shares of 707 Cayman from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, August 21st. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of “Sell”.

Insider Activity at 707 Cayman

In related news, major shareholder Financial Lp Hrt bought 125,911 shares of the stock in a transaction dated Thursday, July 9th. The stock was bought at an average price of $1.07 per share, with a total value of $134,724.77. Following the purchase, the insider owned 186,419 shares in the company, valued at approximately $199,468.33. The trade was a 208.09% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. In the last quarter, insiders bought 147,842 shares of company stock valued at $456,127 and sold 61,812 shares valued at $185,017.

Institutional Investors Weigh In On 707 Cayman

A hedge fund recently bought a new stake in 707 Cayman stock. Geode Capital Management LLC purchased a new position in 707 Cayman Holdings Limited (NASDAQ:JEM) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 13,807 shares of the company’s stock, valued at approximately $72,000. Geode Capital Management LLC owned 0.06% of 707 Cayman as of its most recent SEC filing.

707 Cayman Company Profile

We are a Hong Kong-based company that sells quality apparel products and provides supply chain management total solutions to our customers spanning from Western Europe, North America to the Middle East. We were founded in 2021 and became wholly-owned by Mr. Cheung, executive director and chief executive officer, in May 2022 and have grown, in a short period of time, building relationships with a diverse range of customers. Our customers include mid-size brand owners and apparel companies that have comprehensive operations with private labels that are sold worldwide.