JFB Construction Holding (NASDAQ:JFB) Short Interest Update

Key Points

• Short interest jumped 97.9% in March to 327,512 shares (about 2.3% of the float), leaving a short-interest ratio of 1.6 days based on average daily volume.
• Shares traded at $5.95 (50-day SMA $6.20) with a 52-week range of $1.88–$17.55 and a market cap of ~$84.6M; the company reported a ($0.12) EPS last quarter and has negative net margin and ROE.
• Multiple institutions—including Marshall Wace, 683 Capital, Yorkville, Nomura and Geode—have recently initiated or increased positions in JFB.

JFB Construction Holding (NASDAQ:JFB - Get Free Report) was the recipient of a significant growth in short interest in March. As of March 31st, there was short interest totaling 327,512 shares, a growth of 97.9% from the March 15th total of 165,502 shares. Approximately 2.3% of the company's stock are short sold. Based on an average daily volume of 204,309 shares, the short-interest ratio is presently 1.6 days.

JFB Construction Stock Performance

NASDAQ JFB traded down $0.53 during trading hours on Friday, hitting $5.95. 156,392 shares of the company were exchanged, compared to its average volume of 183,067. The company's 50 day simple moving average is $6.20. JFB Construction has a 52-week low of $1.88 and a 52-week high of $17.55. The firm has a market capitalization of $84.55 million and a price-to-earnings ratio of -31.32.

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. JFB Construction had a negative net margin of 17.27% and a negative return on equity of 29.86%. The firm had revenue of $12.45 million during the quarter.

Analyst Ratings Changes

JFB has been the subject of a number of research reports. Wall Street Zen upgraded shares of JFB Construction from a "sell" rating to a "hold" rating in a report on Saturday, January 10th. Weiss Ratings restated a "sell (d-)" rating on shares of JFB Construction in a report on Friday, March 27th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, JFB Construction currently has an average rating of "Sell".

Institutional Investors Weigh In On JFB Construction

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Marshall Wace LLP purchased a new stake in JFB Construction during the fourth quarter worth approximately $604,000. 683 Capital Management LLC purchased a new stake in JFB Construction during the fourth quarter worth approximately $389,000. Yorkville Advisors Global LP purchased a new stake in JFB Construction during the third quarter worth approximately $258,000. Nomura Holdings Inc. purchased a new stake in JFB Construction during the third quarter worth approximately $258,000. Finally, Geode Capital Management LLC boosted its stake 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 acquiring an additional 2,168 shares in the last quarter.

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.

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