707 Cayman Holdings Limited (NASDAQ:JEM) Short Interest Update

707 Cayman Holdings Limited (NASDAQ:JEM) was the recipient of a significant decrease in short interest in May. As of May 29th, there was short interest totaling 41,427 shares, a decrease of 44.2% from the May 14th total of 74,279 shares. Currently, 2.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 143,092 shares, the short-interest ratio is currently 0.3 days.

707 Cayman Stock Performance

Shares of NASDAQ:JEM traded up $0.09 during mid-day trading on Tuesday, hitting $2.28. The company had a trading volume of 91,849 shares, compared to its average volume of 613,476. The firm has a fifty day moving average price of $1.65 and a 200 day moving average price of $2.64. 707 Cayman has a one year low of $1.02 and a one year high of $158.00.

Institutional Trading of 707 Cayman

An institutional investor recently bought a new position in 707 Cayman stock. Geode Capital Management LLC purchased a new stake in shares of 707 Cayman Holdings Limited (NASDAQ:JEM) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 13,807 shares of the company’s stock, valued at approximately $72,000. Geode Capital Management LLC owned approximately 0.06% of 707 Cayman at the end of the most recent quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded shares of 707 Cayman from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, 707 Cayman has an average rating of “Sell”.

About 707 Cayman

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.