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

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

JE Cleantech Trading Down 2.9%

Shares of NASDAQ:JCSE traded down $0.05 on Thursday, hitting $1.55. The company had a trading volume of 3,985 shares, compared to its average volume of 12,416. JE Cleantech has a 1-year low of $0.77 and a 1-year high of $2.50. The stock has a 50 day moving average price of $1.49 and a 200 day moving average price of $1.32. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.87 and a quick ratio of 1.51.

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

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 report on Thursday, October 29th. One investment analyst has rated the stock with a Buy rating. According to MarketBeat, the stock has a consensus rating of “Buy”.

JE Cleantech Company Profile

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.