JFB Construction Holding (NASDAQ:JFB) Sees Significant Decrease in Short Interest

JFB Construction Holding (NASDAQ:JFB) was the recipient of a large drop in short interest in January. As of January 15th, there was short interest totaling 46,472 shares, a drop of 27.1% from the December 31st total of 63,769 shares. Approximately 0.5% of the shares of the stock are short sold. Based on an average daily volume of 40,872 shares, the days-to-cover ratio is currently 1.1 days. Based on an average daily volume of 40,872 shares, the days-to-cover ratio is currently 1.1 days. Approximately 0.5% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

JFB has been the topic of a number of research reports. Wall Street Zen raised shares of JFB Construction from a “sell” rating to a “hold” rating in a research note on Saturday, January 10th. Weiss Ratings reissued a “sell (d-)” rating on shares of JFB Construction in a research report on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

JFB Construction Stock Performance

JFB traded up $1.38 on Tuesday, hitting $28.66. The company had a trading volume of 111,524 shares, compared to its average volume of 50,437. The company has a market capitalization of $272.27 million and a PE ratio of -77.46. The stock’s fifty day simple moving average is $18.39. JFB Construction has a 1-year low of $3.39 and a 1-year high of $33.68.

JFB Construction (NASDAQ:JFB) last released its quarterly earnings results on Friday, November 14th. The company reported ($0.11) EPS for the quarter. The firm had revenue of $4.98 million during the quarter. JFB Construction had a negative net margin of 14.07% and a negative return on equity of 31.22%.

Insider Buying and Selling at JFB Construction

In other JFB Construction news, CFO Ruben Calderon acquired 1,550 shares of JFB Construction stock in a transaction dated Wednesday, December 10th. The stock was bought at an average price of $18.72 per share, for a total transaction of $29,016.00. Following the transaction, the chief financial officer owned 26,550 shares in the company, valued at approximately $497,016. This trade represents a 6.20% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Joseph Frank Basile III bought 5,900 shares of the company’s stock in a transaction that occurred on Monday, December 8th. The stock was acquired at an average price of $16.79 per share, for a total transaction of $99,061.00. Following the completion of the acquisition, the chief executive officer directly owned 430,900 shares in the company, valued at approximately $7,234,811. This represents a 1.39% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure.

Institutional Investors Weigh In On JFB Construction

A hedge fund recently bought a new stake in JFB Construction stock. Yorkville Advisors Global LP acquired a new stake in JFB Construction Holding (NASDAQ:JFB) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 20,000 shares of the company’s stock, valued at approximately $258,000. JFB Construction accounts for approximately 0.1% of Yorkville Advisors Global LP’s investment portfolio, making the stock its 21st largest holding. Yorkville Advisors Global LP owned approximately 0.21% of JFB Construction as of its most recent filing with the SEC.

JFB Construction Company Profile

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.