JELD-WEN Holding, Inc. (NYSE:JELD) Short Interest Down 26.5% in August

Key Points

• JELD-WEN experienced a **26.5% decrease** in short interest in August, with total short interest dropping to **1,690,000 shares**.
• Analysts have upgraded JELD-WEN's rating from a "strong sell" to a "hold," with price targets increasing, reflecting a more positive outlook for the company.
• Approximately **95.04%** of JELD-WEN's stock is owned by institutional investors, indicating strong institutional support for the company.

JELD-WEN Holding, Inc. (NYSE:JELD - Get Free Report) was the recipient of a large decrease in short interest during the month of August. As of August 31st, there was short interest totaling 1,690,000 shares, a decrease of 26.5% from the August 15th total of 2,300,000 shares. Approximately 2.0% of the shares of the stock are sold short. Based on an average daily volume of 1,630,000 shares, the days-to-cover ratio is currently 1.0 days. Based on an average daily volume of 1,630,000 shares, the days-to-cover ratio is currently 1.0 days. Approximately 2.0% of the shares of the stock are sold short.

Institutional Trading of JELD-WEN

Institutional investors and hedge funds have recently modified their holdings of the business. PNC Financial Services Group Inc. increased its holdings in shares of JELD-WEN by 238.3% in the 2nd quarter. PNC Financial Services Group Inc. now owns 7,389 shares of the company's stock worth $29,000 after purchasing an additional 5,205 shares in the last quarter. CWM LLC increased its holdings in shares of JELD-WEN by 2,140.2% in the 1st quarter. CWM LLC now owns 6,407 shares of the company's stock worth $38,000 after purchasing an additional 6,121 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of JELD-WEN in the 2nd quarter worth $49,000. Wealth Enhancement Advisory Services LLC bought a new stake in shares of JELD-WEN in the 2nd quarter worth $52,000. Finally, Performa Ltd US LLC increased its holdings in shares of JELD-WEN by 119.0% in the 1st quarter. Performa Ltd US LLC now owns 9,200 shares of the company's stock worth $55,000 after purchasing an additional 5,000 shares in the last quarter. Institutional investors own 95.04% of the company's stock.

Analyst Upgrades and Downgrades

JELD has been the subject of several analyst reports. Wall Street Zen upgraded JELD-WEN from a "strong sell" rating to a "hold" rating in a report on Saturday, August 9th. Jefferies Financial Group increased their target price on JELD-WEN from $3.75 to $5.25 and gave the company a "hold" rating in a report on Wednesday, August 20th. UBS Group increased their target price on JELD-WEN from $5.00 to $5.75 and gave the company a "neutral" rating in a report on Thursday, August 7th. Finally, Barclays increased their target price on JELD-WEN from $4.50 to $5.00 and gave the company an "equal weight" rating in a report on Thursday, August 7th. Seven equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Reduce" and an average target price of $6.03.

JELD-WEN Stock Down 5.9%

JELD stock traded down $0.35 on Friday, reaching $5.55. 2,310,319 shares of the company traded hands, compared to its average volume of 1,869,941. JELD-WEN has a one year low of $3.27 and a one year high of $16.43. The company has a debt-to-equity ratio of 2.42, a current ratio of 1.77 and a quick ratio of 1.04. The company has a market cap of $473.54 million, a P/E ratio of -1.37 and a beta of 1.68. The firm has a fifty day simple moving average of $5.54 and a 200-day simple moving average of $5.04.

JELD-WEN Company Profile

JELD-WEN Holding, Inc designs, manufactures, and sells wood, metal, and composite materials doors, windows, and related building products in North America and Europe. The company offers a line of residential interior and exterior door products, including patio doors, and folding or sliding wall systems; non-residential doors; stile and rail doors; and wood, vinyl, and wood composite windows.