JFB Construction Holding (NASDAQ:JFB) Short Interest Up 97.9% in March
by Renee Jackson · The Cerbat GemJFB Construction Holding (NASDAQ:JFB – Get Free Report) saw a significant increase in short interest during the month of March. As of March 31st, there was short interest totaling 327,512 shares, an increase of 97.9% from the March 15th total of 165,502 shares. Based on an average daily trading volume, of 204,309 shares, the days-to-cover ratio is presently 1.6 days. Approximately 2.3% of the shares of the company are sold short.
JFB Construction Stock Up 0.4%
JFB Construction stock traded up $0.02 during trading hours on Tuesday, hitting $5.65. The stock had a trading volume of 151,658 shares, compared to its average volume of 182,462. The company’s 50-day simple moving average is $6.18. JFB Construction has a fifty-two week low of $1.88 and a fifty-two week high of $17.55.
JFB Construction (NASDAQ:JFB – Get Free Report) last announced its quarterly earnings data on Tuesday, March 31st. The company reported ($0.12) earnings per share for the quarter. The firm had revenue of $12.45 million for the quarter. JFB Construction had a negative return on equity of 29.86% and a negative net margin of 17.27%.
Institutional Investors Weigh In On JFB Construction
Several institutional investors and hedge funds have recently bought and sold shares of the business. Nomura Holdings Inc. acquired a new position in shares of JFB Construction in the 3rd quarter valued at $258,000. Yorkville Advisors Global LP bought a new stake in JFB Construction in the third quarter valued at about $258,000. Geode Capital Management LLC raised its position in JFB Construction by 21.1% in the fourth quarter. Geode Capital Management LLC now owns 12,434 shares of the company’s stock worth $182,000 after purchasing an additional 2,168 shares in the last quarter. Marshall Wace LLP bought a new position in JFB Construction during the fourth quarter worth about $604,000. Finally, 683 Capital Management LLC bought a new position in JFB Construction during the fourth quarter worth about $389,000.
Wall Street Analyst Weigh In
JFB has been the topic of a number of research reports. Wall Street Zen raised shares of JFB Construction from a “sell” rating to a “hold” rating in a research report on Saturday, January 10th. Weiss Ratings reissued a “sell (d-)” rating on shares of JFB Construction in a report on Friday, March 27th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, JFB Construction has an average rating of “Sell”.
Check Out Our Latest Analysis on JFB Construction
JFB Construction Company Profile
JFB is a commercial and residential real estate construction and development company. The Company’s management is dedicated to delivering high-quality services to commercial and residential markets, such as retail corporate buildouts, multifamily community developments and luxury residential homes, with a focus on fostering long-term relationships with clients, partners, and communities. Our comprehensive suite of services encompasses everything from initial project planning and design to the final stages of construction and project management.