Jewett-Cameron Trading Company Ltd. (NASDAQ:JCTCF) Short Interest Up 100.0% in May

Jewett-Cameron Trading Company Ltd. (NASDAQ: JCTCFGet a rating) saw a sharp increase in short-term interest in May. As of May 15, there was short interest totaling 4,600 shares, an increase of 100.0% from the April 30 total of 2,300 shares. Based on an average daily volume of 4,300 shares, the short interest rate is currently 1.1 days. Approximately 0.3% of the company’s shares are sold short.

Shares of JCTCF opened at $6.72 on Friday. The company’s 50-day moving average is $7.02 and its two-hundred-day moving average is $8.00. Jewett-Cameron Trading has a 52-week low of $5.50 and a 52-week high of $13.74. The company has a market capitalization of $23.47 million, a price/earnings ratio of 8.00 and a beta of 0.22.

An institutional investor recently bought a new position in Jewett-Cameron Trading stock. Millennium Management LLC has acquired a new stake in Jewett-Cameron Trading Company Ltd. (NASDAQ: JCTCFGet a rating) in the third quarter, according to its most recent SEC filing. The fund bought 16,325 shares of the company, valued at around $192,000. Millennium Management LLC owned approximately 0.47% of Jewett-Cameron Trading at the end of the last quarter. Hedge funds and other institutional investors own 29.52% of the company’s shares.

Jewett-Cameron Trading Company Profile (Get a rating)

Jewett-Cameron Trading Company Ltd., through its subsidiaries, is engaged in the manufacture and distribution of specialty metal products and the wholesale distribution of wood products to home centers and other retailers. The Company operates through three segments: Industrial Wood Products; Pets, fences and more; and seed processing and sale.

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