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

707 Cayman Holdings Limited (NASDAQ:JEM) saw a significant increase in short interest in June. As of June 15th, there was short interest totaling 227,928 shares, an increase of 450.2% from the May 31st total of 41,427 shares. Based on an average daily volume of 1,043,951 shares, the days-to-cover ratio is presently 0.2 days. Approximately 12.7% of the company’s shares are short sold.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings cut shares of 707 Cayman from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, June 12th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, 707 Cayman currently has a consensus rating of “Sell”.

Institutional Trading of 707 Cayman

A hedge fund 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 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm 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.

707 Cayman Trading Down 28.7%

Shares of NASDAQ JEM traded down $0.75 during midday trading on Friday, reaching $1.86. The company had a trading volume of 775,894 shares, compared to its average volume of 651,815. 707 Cayman has a 1 year low of $1.02 and a 1 year high of $135.00. The business’s 50-day simple moving average is $1.69 and its 200 day simple moving average is $2.50.

707 Cayman Company Profile

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.