JE Cleantech Holdings Limited (NASDAQ:JCSE) Sees Significant Growth in Short Interest

JE Cleantech Holdings Limited (NASDAQ:JCSE) saw a significant growth in short interest in October. As of October 30th, there was short interest totaling 16,251 shares, a growth of 647.5% from the October 15th total of 2,174 shares. Based on an average daily volume of 12,689 shares, the short-interest ratio is currently 1.3 days. Approximately 0.9% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised shares of JE Cleantech from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, October 29th. One research analyst has rated the stock with a Buy rating. According to MarketBeat.com, JE Cleantech presently has an average rating of “Buy”.

JE Cleantech Price Performance

JE Cleantech stock opened at $1.50 on Wednesday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.51 and a current ratio of 1.87. JE Cleantech has a 1 year low of $0.77 and a 1 year high of $2.50. The company’s 50-day moving average is $1.49 and its two-hundred day moving average is $1.32.

JE Cleantech (NASDAQ:JCSE) last issued its quarterly earnings results on Tuesday, October 20th. The company reported $0.13 EPS for the quarter. The business had revenue of $8.04 million for the quarter.

About JE Cleantech

JE Cleantech Holdings Limited is a Singapore-based cleantech company that provides commercial cleaning solutions and related services. The company serves customers in Singapore, including businesses and organizations that require equipment and operational support for cleaning, sanitation and waste-management activities. Its products and services include commercial dishwashing systems, cleaning equipment, floor-cleaning machines and food-waste treatment systems. JE Cleantech also provides cleaning services and operates central-kitchen-related activities, including dishwashing and food-waste management services for institutional and commercial customers.