Short Interest in JFB Construction Holding (NASDAQ:JFB) Grows By 46.8%

Key Points

• Short interest in JFB surged by 46.8% to 480,825 shares as of April 15, giving a short-interest ratio of 3.3 days and roughly 3.4% of the float sold short.
• Analyst sentiment is largely negative — MarketBeat shows an average rating of Sell, with Weiss Ratings reaffirming a "sell (d-)" while Wall Street Zen upgraded the stock to "hold."
• Shares opened at $6.29 (up 7.5%), with a market cap of about $89.4M, but the company reported Q1 EPS of -$0.12 and has negative ROE and net margin, indicating weak profitability.

JFB Construction Holding (NASDAQ:JFB - Get Free Report) was the target of a significant growth in short interest during the month of April. As of April 15th, there was short interest totaling 480,825 shares, a growth of 46.8% from the March 31st total of 327,512 shares. Based on an average daily volume of 146,806 shares, the short-interest ratio is presently 3.3 days. Currently, 3.4% of the company's stock are sold short.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On JFB Construction

Several large investors have recently made changes to their positions in the company. Geode Capital Management LLC increased its stake in shares of 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 purchasing an additional 2,168 shares during the period. Private Advisor Group LLC acquired a new stake in shares of JFB Construction in the first quarter valued at approximately $76,000. Nomura Holdings Inc. acquired a new stake in shares of JFB Construction in the third quarter valued at approximately $258,000. Yorkville Advisors Global LP acquired a new stake in shares of JFB Construction in the third quarter valued at approximately $258,000. Finally, 683 Capital Management LLC acquired a new stake in shares of JFB Construction in the fourth quarter valued at approximately $389,000.

JFB Construction Stock Up 7.5%

Shares of NASDAQ JFB opened at $6.29 on Tuesday. The firm's 50-day moving average price is $5.89 and its two-hundred day moving average price is $5.12. JFB Construction has a 52-week low of $2.00 and a 52-week high of $17.55. The stock has a market capitalization of $89.37 million and a P/E ratio of -33.11.

JFB Construction (NASDAQ:JFB - Get Free Report) last issued its earnings results on Tuesday, March 31st. The company reported ($0.12) earnings per share (EPS) for the quarter. JFB Construction had a negative return on equity of 29.86% and a negative net margin of 17.27%.The business had revenue of $12.45 million during the 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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