Jamba, Inc. (NASDAQ:JMBA) saw a significant decrease in short interest during the month of August. As of August 15th, there was short interest totalling 1,141,171 shares, a decrease of 55.3% from the July 31st total of 2,551,247 shares. Based on an average trading volume of 717,590 shares, the short-interest ratio is presently 1.6 days. Currently, 7.6% of the company’s stock are sold short.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Bandera Partners LLC raised its holdings in shares of Jamba by 41.5% in the first quarter. Bandera Partners LLC now owns 423,462 shares of the restaurant operator’s stock worth $3,633,000 after buying an additional 124,152 shares during the last quarter. Trexquant Investment LP purchased a new position in shares of Jamba in the first quarter worth $156,000. Millennium Management LLC purchased a new position in shares of Jamba in the first quarter worth $540,000. Northern Trust Corp raised its holdings in shares of Jamba by 24.5% in the first quarter. Northern Trust Corp now owns 37,635 shares of the restaurant operator’s stock worth $322,000 after buying an additional 7,407 shares during the last quarter. Finally, First Foundation Advisors raised its holdings in shares of Jamba by 14.1% in the first quarter. First Foundation Advisors now owns 451,810 shares of the restaurant operator’s stock worth $3,877,000 after buying an additional 55,719 shares during the last quarter. 83.95% of the stock is owned by institutional investors and hedge funds.
Separately, ValuEngine raised shares of Jamba from a “hold” rating to a “buy” rating in a research report on Friday, June 1st.
Jamba (NASDAQ:JMBA) last posted its quarterly earnings results on Monday, August 13th. The restaurant operator reported ($0.02) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.28 by ($0.30). The company had revenue of $24.49 million during the quarter. Jamba had a negative return on equity of 3.29% and a negative net margin of 2.00%.
Jamba, Inc, through its subsidiary, Jamba Juice Company, owns, operates, and franchises Jamba Juice stores. The company's restaurants provides blended whole fruit and vegetable smoothies, bowls, juices, cold-pressed shots, boosts, snacks, and meal replacements. As of April 3, 2018, it operated approximately 800 franchised and company-owned Jamba Juice stores worldwide.
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