JFB Construction Holding (NASDAQ:JFB) Short Interest Up 28.1% in March

Key Points

• Short interest rose 28.1% in March to 165,502 shares (about 2.4% of the company), with a days-to-cover ratio of roughly 1.0 based on average daily volume.
• Several institutions increased or established positions—Geode Capital boosted its stake 21.1% to 12,434 shares, while Yorkville, Nomura, 683 Capital and Marshall Wace reported new stakes, indicating growing institutional interest.
• Stock profile and sentiment: JFB opened at $7.27 with a $102 million market cap, a negative PE (-19.65) and a one-year range of $1.80–$17.55, and analysts’ consensus remains an average "Sell".

JFB Construction Holding (NASDAQ:JFB - Get Free Report) was the target of a significant increase in short interest during the month of March. As of March 13th, there was short interest totaling 165,502 shares, an increase of 28.1% from the February 26th total of 129,191 shares. Approximately 2.4% of the company's stock are sold short. Based on an average daily trading volume, of 162,444 shares, the days-to-cover ratio is currently 1.0 days.

Institutional Investors Weigh In On JFB Construction

A number of institutional investors and hedge funds have recently modified their holdings of JFB. Geode Capital Management LLC boosted 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 valued at $182,000 after buying an additional 2,168 shares during the last quarter. Yorkville Advisors Global LP purchased a new position in JFB Construction during the 3rd quarter worth approximately $258,000. Nomura Holdings Inc. purchased a new position in JFB Construction during the 3rd quarter worth approximately $258,000. 683 Capital Management LLC acquired a new stake in JFB Construction during the 4th quarter valued at approximately $389,000. Finally, Marshall Wace LLP acquired a new stake in JFB Construction during the 4th quarter valued at approximately $604,000.

JFB Construction Stock Performance

Shares of JFB opened at $7.27 on Monday. The stock's 50-day moving average price is $6.19. The firm has a market cap of $102.00 million and a PE ratio of -19.65. JFB Construction has a one year low of $1.80 and a one year high of $17.55.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of JFB Construction in a research report on Monday, December 29th. Wall Street Zen upgraded shares of JFB Construction from a "sell" rating to a "hold" rating in a research note on Saturday, January 10th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of "Sell".

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. Our comprehensive suite of services encompasses everything from initial project planning and design to the final stages of construction and project management.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.