Jewett-Cameron Trading Company (NASDAQ:JCTC) Sees Significant Drop in Short Interest

Jewett-Cameron Trading Company (NASDAQ:JCTC) saw a significant decline in short interest in August. As of August 14th, there was short interest totaling 11,821 shares, a decline of 51.2% from the July 30th total of 24,242 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average daily volume of 21,040 shares, the days-to-cover ratio is currently 0.6 days.

Jewett-Cameron Trading Stock Up 1.0%

Shares of NASDAQ JCTC traded up $0.03 during midday trading on Friday, hitting $2.96. The stock had a trading volume of 3,389 shares, compared to its average volume of 29,263. Jewett-Cameron Trading has a fifty-two week low of $1.54 and a fifty-two week high of $3.82. The company’s 50-day simple moving average is $2.68 and its 200 day simple moving average is $2.17.

Jewett-Cameron Trading (NASDAQ:JCTC) last issued its quarterly earnings results on Tuesday, July 14th. The company reported ($0.23) earnings per share (EPS) for the quarter. The firm had revenue of $9.85 million for the quarter. Jewett-Cameron Trading had a negative net margin of 20.94% and a negative return on equity of 38.35%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of Jewett-Cameron Trading from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, August 5th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has an average rating of “Sell”.

Insider Transactions at Jewett-Cameron Trading

In related news, major shareholder Community Foundation Oregon sold 176,006 shares of Jewett-Cameron Trading stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $1.85, for a total value of $325,611.10. Following the completion of the transaction, the insider directly owned 562,528 shares of the company’s stock, valued at $1,040,676.80. The trade was a 23.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Melinda Hodges Bradley purchased 17,500 shares of Jewett-Cameron Trading stock in a transaction that occurred on Tuesday, June 30th. The shares were bought at an average price of $2.38 per share, for a total transaction of $41,650.00. Following the transaction, the insider owned 371,007 shares in the company, valued at $882,996.66. This represents a 4.95% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders have acquired 112,738 shares of company stock worth $297,843 and have sold 201,006 shares worth $388,601. Company insiders own 1.33% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of JCTC. Citadel Advisors LLC bought a new stake in shares of Jewett-Cameron Trading during the third quarter worth approximately $77,000. DRW Securities LLC bought a new position in Jewett-Cameron Trading in the fourth quarter valued at approximately $44,000. Finally, Susquehanna International Group LLP acquired a new stake in Jewett-Cameron Trading during the 3rd quarter worth $54,000. Institutional investors own 26.05% of the company’s stock.

Jewett-Cameron Trading Company Profile

Jewett-Cameron Trading Company Ltd. is a supplier of `Value-added` building materials to major home improvement center chains in the western United States. The Company concentrates on the residential repair and remodeling segment of the building materials industry.