Jewett-Cameron Trading Company Ltd (NASDAQ:JCTCF) Short Interest Up 75.0% in August

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Jewett-Cameron Trading Company Ltd (NASDAQ:JCTCF) saw a large increase in short interest in the month of August. As of August 31st, there was short interest totalling 700 shares, an increase of 75.0% from the July 31st total of 400 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 4,000 shares, the days-to-cover ratio is presently 0.2 days.

NASDAQ JCTCF traded down $0.01 during trading hours on Thursday, reaching $7.40. The company’s stock had a trading volume of 128 shares, compared to its average volume of 374. The firm has a market capitalization of $30.68 million, a price-to-earnings ratio of 12.85 and a beta of 0.43. Jewett-Cameron Trading has a 1-year low of $6.23 and a 1-year high of $10.00. The company’s 50-day moving average is $8.01 and its two-hundred day moving average is $8.09.

Jewett-Cameron Trading (NASDAQ:JCTCF) last released its quarterly earnings results on Monday, July 15th. The company reported $0.27 earnings per share for the quarter. The company had revenue of $16.69 million during the quarter. Jewett-Cameron Trading had a return on equity of 11.94% and a net margin of 5.55%.

In other news, insider Michael Charles Nasser sold 8,000 shares of the business’s stock in a transaction dated Friday, July 19th. The stock was sold at an average price of $8.43, for a total value of $67,440.00. Following the completion of the transaction, the insider now owns 348,844 shares of the company’s stock, valued at approximately $2,940,754.92. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In the last ninety days, insiders have sold 30,487 shares of company stock valued at $256,087. 40.80% of the stock is currently owned by insiders.

A hedge fund recently bought a new stake in Jewett-Cameron Trading stock. Riverview Trust Co acquired a new position in shares of Jewett-Cameron Trading Company Ltd (NASDAQ:JCTCF) in the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 1,141,538 shares of the company’s stock, valued at approximately $9,475,000. Jewett-Cameron Trading makes up 6.7% of Riverview Trust Co’s holdings, making the stock its 3rd largest position. Riverview Trust Co owned 28.33% of Jewett-Cameron Trading at the end of the most recent quarter. 48.61% of the stock is owned by institutional investors and hedge funds.

About Jewett-Cameron Trading

Jewett-Cameron Trading Company Ltd., through its subsidiaries, manufactures and distributes specialty metal products; and distributes wood products to home centers and other retailers primarily in the United States. The company operates through four segments: Industrial Wood Products; Lawn, Garden, Pet and Other; Seed Processing and Sales; and Industrial Tools and Clamps.

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