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

707 Cayman Holdings Limited (NASDAQ:JEM) was the recipient of a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 68,740 shares, an increase of 177.8% from the July 15th total of 24,740 shares. Currently, 10.3% of the company’s stock are short sold. Based on an average daily volume of 3,675,800 shares, the days-to-cover ratio is presently 0.0 days.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Weiss Ratings raised 707 Cayman from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, August 7th. Wall Street Zen upgraded shares of 707 Cayman to a “hold” rating in a research note on Saturday, July 25th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

Insider Activity at 707 Cayman

In other news, major shareholder Financial Lp Hrt sold 4,034 shares of the firm’s stock in a transaction that occurred on Friday, July 10th. The stock was sold at an average price of $7.20, for a total value of $29,044.80. Following the transaction, the insider owned 11,500 shares in the company, valued at $82,800. This trade represents a 25.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Over the last three months, insiders purchased 147,842 shares of company stock valued at $456,127 and sold 61,812 shares valued at $185,017.

Institutional Trading of 707 Cayman

An institutional investor recently bought a new position in 707 Cayman stock. Geode Capital Management LLC acquired a new stake in 707 Cayman Holdings Limited (NASDAQ:JEM) in the second quarter, according to its most recent filing with the SEC. The fund acquired 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 Stock Down 0.5%

Shares of NASDAQ JEM traded down $0.02 during trading on Friday, reaching $4.32. 32,860 shares of the stock traded hands, compared to its average volume of 2,289,815. 707 Cayman has a 52-week low of $3.40 and a 52-week high of $1,065.60. The company has a 50-day moving average of $15.08 and a 200-day moving average of $20.55.

707 Cayman (NASDAQ:JEM) last announced its quarterly earnings data on Monday, August 10th. The company reported ($41.30) earnings per share for the quarter. The company had revenue of $2.22 million during the quarter.

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.