Short Interest in JBDI Holdings Limited (NASDAQ:JBDI) Increases By 448.8%

JBDI Holdings Limited (NASDAQ:JBDI) saw a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 42,404 shares, a growth of 448.8% from the May 14th total of 7,727 shares. Based on an average daily volume of 952,044 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.2% of the company’s shares are sold short.

JBDI Trading Down 4.3%

Shares of NASDAQ:JBDI traded down $0.03 during trading on Friday, reaching $0.68. 36,144 shares of the company were exchanged, compared to its average volume of 310,546. The company has a debt-to-equity ratio of 0.25, a quick ratio of 4.19 and a current ratio of 4.46. The business’s fifty day simple moving average is $0.57 and its 200-day simple moving average is $0.70. JBDI has a 12-month low of $0.39 and a 12-month high of $3.00.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of JBDI in a research report on Friday, May 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

About JBDI

JBDI Holdings Limited engages in the trading of reconditioned and recycling containers in Singapore and the Southeast Asia region. The company offers reconditioning and recycling drums, including open top drums, metal drums, plastic drums, plastic carboys, and intermediate bulk containers, as well as new drums, and collects waste drums and related products. It serves solvent, chemical, petroleum, and edible product oil industries. The company was founded in 1983 and is based in Singapore. JBDI Holdings Limited operates as a subsidiary of E U Holdings Pte.