Jewett-Cameron Trading Company (NASDAQ:JCTC) Sees Significant Growth in Short Interest

Jewett-Cameron Trading Company (NASDAQ:JCTC) was the target of a significant growth in short interest during the month of December. As of December 31st, there was short interest totaling 20,756 shares, a growth of 139.4% from the December 15th total of 8,671 shares. Approximately 0.6% of the company’s shares are short sold. Based on an average daily volume of 25,903 shares, the days-to-cover ratio is currently 0.8 days. Based on an average daily volume of 25,903 shares, the days-to-cover ratio is currently 0.8 days. Approximately 0.6% of the company’s shares are short sold.

Jewett-Cameron Trading Trading Down 2.1%

Shares of NASDAQ JCTC opened at $2.33 on Wednesday. The stock has a fifty day moving average price of $2.39 and a 200 day moving average price of $3.14. Jewett-Cameron Trading has a 12-month low of $2.02 and a 12-month high of $5.41. The company has a market cap of $8.20 million, a P/E ratio of -1.97 and a beta of 0.14.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed 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 data from MarketBeat.com, Jewett-Cameron Trading currently has an average rating of “Sell”.

Insider Buying and Selling

In related news, major shareholder Community Foundation Oregon sold 14,797 shares of the stock in a transaction dated Friday, December 26th. The stock was sold at an average price of $2.26, for a total transaction of $33,441.22. Following the transaction, the insider directly owned 851,709 shares in the company, valued at approximately $1,924,862.34. This represents a 1.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders sold 50,000 shares of company stock valued at $114,058 in the last ninety days. Corporate insiders own 1.26% of the company’s stock.

Institutional Investors Weigh In On Jewett-Cameron Trading

A hedge fund recently bought a new stake in Jewett-Cameron Trading stock. Citadel Advisors LLC purchased a new position in Jewett-Cameron Trading Company (NASDAQ:JCTC) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 22,557 shares of the company’s stock, valued at approximately $77,000. Citadel Advisors LLC owned 0.64% of Jewett-Cameron Trading as of its most recent SEC filing. 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.