Short Interest in 707 Cayman Holdings Limited (NASDAQ:JEM) Declines By 94.5%

707 Cayman Holdings Limited (NASDAQ:JEM) saw a large decline in short interest in the month of July. As of July 15th, there was short interest totaling 24,740 shares, a decline of 94.5% from the June 30th total of 446,478 shares. Approximately 3.7% of the company’s stock are sold short. Based on an average trading volume of 1,198,930 shares, the short-interest ratio is presently 0.0 days.

Insider Transactions at 707 Cayman

In related news, major shareholder Financial Lp Hrt purchased 125,911 shares of 707 Cayman stock in a transaction on Thursday, July 9th. The stock was acquired at an average cost of $1.07 per share, for a total transaction of $134,724.77. Following the completion of the acquisition, the insider owned 186,419 shares of the company’s stock, valued at $199,468.33. This trade represents a 208.09% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last 90 days, insiders have acquired 147,842 shares of company stock worth $456,127 and have sold 61,812 shares worth $185,017.

Hedge Funds Weigh In On 707 Cayman

A hedge fund recently bought a new position in 707 Cayman stock. Geode Capital Management LLC bought a new position in 707 Cayman Holdings Limited (NASDAQ:JEM) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 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 reporting period.

707 Cayman Stock Up 34.0%

Shares of NASDAQ:JEM traded up $1.61 during mid-day trading on Friday, hitting $6.35. 15,679,457 shares of the company traded hands, compared to its average volume of 2,565,231. The stock has a 50-day moving average price of $19.29 and a two-hundred day moving average price of $25.06. 707 Cayman has a 12-month low of $3.40 and a 12-month high of $1,620.00.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on JEM. Wall Street Zen upgraded shares of 707 Cayman to a “hold” rating in a report on Saturday. Weiss Ratings lowered shares of 707 Cayman from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, 707 Cayman has an average rating of “Sell”.

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.