Jewett-Cameron Trading Company (NASDAQ:JCTC) Stock Short Interest Falls 49.6%

Jewett-Cameron Trading Company (NASDAQ:JCTC) was the target of a large decrease in short interest in September. As of September 30th, there was short interest totaling 21,645 shares, a decrease of 49.6% from the September 15th total of 42,952 shares. Currently, 0.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 6,971 shares, the short-interest ratio is currently 3.1 days.

Insider Activity

In related news, major shareholder Ajb Investment Fund Ii, Lp acquired 15,457 shares of the firm’s stock in a transaction on Thursday, August 13th. The shares were purchased at an average price of $2.90 per share, with a total value of $44,825.30. Following the acquisition, the insider directly owned 455,831 shares in the company, valued at $1,321,909.90. The trade was a 3.51% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Community Foundation Oregon sold 176,006 shares of the firm’s stock in a transaction dated Wednesday, September 30th. The shares were sold at an average price of $1.85, for a total transaction of $325,611.10. Following the completion of the sale, the insider owned 562,528 shares of the company’s stock, valued at $1,040,676.80. The trade was a 23.83% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have purchased 107,791 shares of company stock worth $309,791. 1.33% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of Jewett-Cameron Trading from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, August 5th. One analyst has rated the stock with a Sell rating. According to data from MarketBeat, the stock currently has an average rating of “Sell”.

Jewett-Cameron Trading Price Performance

Shares of NASDAQ JCTC traded down $0.02 during mid-day trading on Friday, hitting $2.90. The company’s stock had a trading volume of 13,981 shares, compared to its average volume of 22,836. Jewett-Cameron Trading has a one year low of $1.54 and a one year high of $3.40. The company’s fifty day simple moving average is $2.95 and its 200-day simple moving average is $2.45. The stock has a market cap of $10.21 million, a price-to-earnings ratio of -1.23 and a beta of 0.42.

Jewett-Cameron Trading (NASDAQ:JCTC) last posted its quarterly earnings results on Tuesday, July 14th. The company reported ($0.23) earnings per share for the quarter. Jewett-Cameron Trading had a negative return on equity of 38.35% and a negative net margin of 20.94%. The business had revenue of $9.85 million for the quarter.

Jewett-Cameron Trading Company Profile

Jewett-Cameron Trading Company Ltd. (NASDAQ:JCTC) develops, manufactures and distributes products for outdoor living, animal management and related applications. Its offerings are designed for residential, agricultural, commercial and industrial customers and are sold through retail, wholesale and online distribution channels.

The company’s product portfolio includes fencing systems, gates, garden and landscaping products, tree supports, outdoor structures and animal-management products such as kennel panels and pet enclosures.