JFB Construction Holding (NASDAQ:JFB) Sees Large Increase in Short Interest

Key Points

• JFB Construction Holding experienced a massive increase in short interest, rising by 3,184.3% in September, bringing the total to 377,700 shares as of September 30th.
• Analysts have downgraded JFB's stock rating, with several firms issuing a "sell" recommendation, leading to a consensus rating of "Sell" for the company.
• The stock price for JFB Construction has declined 7.4%, trading at $14.21, having a significant 52-week range between $3.39 and $16.57.

JFB Construction Holding (NASDAQ:JFB - Get Free Report) saw a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 377,700 shares, a growth of 3,184.3% from the September 15th total of 11,500 shares. Currently, 12.6% of the company's shares are short sold. Based on an average daily trading volume, of 607,800 shares, the short-interest ratio is presently 0.6 days. Based on an average daily trading volume, of 607,800 shares, the short-interest ratio is presently 0.6 days. Currently, 12.6% of the company's shares are short sold.

Analyst Ratings Changes

Several equities analysts have recently commented on JFB shares. Wall Street Zen raised JFB Construction to a "sell" rating in a research note on Saturday, October 11th. Weiss Ratings started coverage on JFB Construction in a research note on Saturday, October 11th. They issued a "sell (e+)" rating on the stock. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, JFB Construction currently has a consensus rating of "Sell".

JFB Construction Trading Down 7.4%

NASDAQ:JFB traded down $1.14 on Thursday, reaching $14.21. 23,612 shares of the company's stock were exchanged, compared to its average volume of 274,862. JFB Construction has a 52-week low of $3.39 and a 52-week high of $16.57.

About JFB Construction

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.

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