Janus International Group, Inc. (NYSE:JBI – Get Rating) was the recipient of a large growth in short interest during the month of December. As of December 15th, there was short interest totalling 2,440,000 shares, a growth of 7.5% from the November 30th total of 2,270,000 shares. Currently, 3.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 473,400 shares, the short-interest ratio is presently 5.2 days.
Institutional Investors Weigh In On Janus International Group
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Institutional investors have recently made changes to their positions in the business. Ensign Peak Advisors Inc purchased a new stake in shares of Janus International Group in the 3rd quarter valued at $30,000. Quantbot Technologies LP purchased a new stake in Janus International Group during the 1st quarter valued at $46,000. Castleview Partners LLC purchased a new stake in Janus International Group during the 2nd quarter valued at $61,000. Tower Research Capital LLC TRC boosted its position in Janus International Group by 211.3% during the 3rd quarter. Tower Research Capital LLC TRC now owns 9,227 shares of the company’s stock valued at $82,000 after buying an additional 6,263 shares during the period. Finally, Quantamental Technologies LLC purchased a new stake in Janus International Group during the 3rd quarter valued at $92,000. Hedge funds and other institutional investors own 87.45% of the company’s stock.
Janus International Group Trading Up 0.5 %
Shares of Janus International Group stock traded up $0.05 during trading on Tuesday, reaching $9.57. The company’s stock had a trading volume of 8,188 shares, compared to its average volume of 370,947. Janus International Group has a 52-week low of $7.95 and a 52-week high of $12.82. The company has a market cap of $1.40 billion, a price-to-earnings ratio of 16.41 and a beta of 0.74. The firm’s 50-day moving average is $9.89 and its two-hundred day moving average is $9.84. The company has a quick ratio of 1.51, a current ratio of 1.92 and a debt-to-equity ratio of 2.08.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on JBI shares. CJS Securities started coverage on shares of Janus International Group in a report on Tuesday, September 6th. They issued an “outperform” rating and a $15.00 price target on the stock. Morgan Stanley decreased their price target on shares of Janus International Group from $13.00 to $12.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 12th. Finally, UBS Group decreased their price target on shares of Janus International Group to $11.50 in a report on Wednesday, November 16th. One analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $13.70.
About Janus International Group
Janus International Group, Inc manufacturers, supplies, and provides turn-key self-storage, and commercial and industrial building solutions in North America and internationally. It offers roll up and swing doors, hallway systems, relocatable storage units, and facility and door automation technologies.
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