Short Interest in Janus International Group, Inc. (NYSE:JBI) Increases By 10.5%

Janus International Group, Inc. (NYSE:JBI) was the recipient of a significant increase in short interest during the month of June. As of June 15th, there was short interest totalling 19,120,000 shares, an increase of 10.5% from the May 31st total of 17,300,000 shares. Currently, 13.6% of the company’s stock are short sold. Based on an average daily volume of 1,630,000 shares, the days-to-cover ratio is presently 11.7 days.

Janus International Group Stock Performance

NYSE JBI traded up $0.11 on Wednesday, hitting $12.54. 651,793 shares of the stock traded hands, compared to its average volume of 1,658,461. The company has a debt-to-equity ratio of 1.13, a quick ratio of 2.63 and a current ratio of 2.95. The business’s fifty day moving average is $13.66 and its two-hundred day moving average is $14.11. Janus International Group has a 12 month low of $9.16 and a 12 month high of $15.86. The firm has a market capitalization of $1.83 billion, a price-to-earnings ratio of 13.08 and a beta of 0.91.

Janus International Group (NYSE:JBI) last announced its quarterly earnings data on Thursday, May 9th. The company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.02. The company had revenue of $254.50 million during the quarter, compared to analyst estimates of $252.90 million. Janus International Group had a return on equity of 28.95% and a net margin of 13.14%. The firm’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.18 EPS. As a group, equities analysts anticipate that Janus International Group will post 1.03 EPS for the current fiscal year.

Analyst Ratings Changes

JBI has been the subject of several analyst reports. Jefferies Financial Group initiated coverage on Janus International Group in a research note on Monday, April 15th. They issued a “buy” rating and a $20.00 price objective for the company. Benchmark reaffirmed a “buy” rating and issued a $21.00 price objective on shares of Janus International Group in a research report on Tuesday, May 14th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Janus International Group presently has a consensus rating of “Moderate Buy” and an average target price of $16.30.

Institutional Trading of Janus International Group

A number of institutional investors have recently modified their holdings of JBI. Charles Schwab Investment Management Inc. lifted its stake in shares of Janus International Group by 14.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 693,113 shares of the company’s stock valued at $7,416,000 after buying an additional 87,996 shares in the last quarter. FMR LLC lifted its stake in Janus International Group by 852.8% in the 3rd quarter. FMR LLC now owns 307,385 shares of the company’s stock worth $3,289,000 after purchasing an additional 275,125 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Janus International Group by 62.6% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 49,159 shares of the company’s stock valued at $526,000 after purchasing an additional 18,931 shares during the period. PEAK6 Investments LLC bought a new position in Janus International Group in the 3rd quarter valued at $119,000. Finally, Trexquant Investment LP bought a new position in Janus International Group in the 3rd quarter valued at $792,000. 88.78% of the stock is currently owned by hedge funds and other institutional investors.

Janus International Group Company Profile

Janus International Group, Inc manufacturers and supplies turn-key self-storage, and commercial and industrial building solutions in North America and internationally. The company offers roll up and swing doors, hallway systems, relocatable storage moveable additional storage structures units, and other solutions.