JBDI Holdings Limited (NASDAQ:JBDI) Sees Significant Growth in Short Interest

JBDI Holdings Limited (NASDAQ:JBDI) saw a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 40,057 shares, a growth of 596.5% from the July 15th total of 5,751 shares. Based on an average trading volume of 81,088 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.4% of the shares of the company are short sold.

JBDI Stock Performance

Shares of NASDAQ:JBDI opened at $1.36 on Friday. JBDI has a 52 week low of $0.78 and a 52 week high of $6.00. The company has a 50-day moving average price of $1.21 and a 200 day moving average price of $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.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised JBDI from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, July 29th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus 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.