JBDI Holdings Limited (NASDAQ:JBDI) Short Interest Update

JBDI Holdings Limited (NASDAQ:JBDI) was the target of a significant drop in short interest in July. As of July 15th, there was short interest totaling 5,751 shares, a drop of 57.2% from the June 30th total of 13,440 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 56,659 shares, the days-to-cover ratio is presently 0.1 days.

JBDI Trading Down 2.7%

Shares of NASDAQ JBDI traded down $0.03 during midday trading on Tuesday, reaching $1.08. 9,462 shares of the company were exchanged, compared to its average volume of 139,021. The stock’s 50-day moving average price is $1.13 and its 200-day moving average price is $1.28. The company has a debt-to-equity ratio of 0.25, a quick ratio of 4.19 and a current ratio of 4.46. JBDI has a one year low of $0.78 and a one year high of $6.00.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of JBDI in a research note on Friday, May 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

JBDI Company Profile

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.