Janus International Group, Inc. (NYSE:JBI) Short Interest Update

Janus International Group, Inc. (NYSE:JBI) saw a significant decrease in short interest in November. As of November 15th, there was short interest totalling 13,310,000 shares, a decrease of 12.7% from the October 31st total of 15,240,000 shares. Based on an average daily volume of 2,320,000 shares, the short-interest ratio is presently 5.7 days. Approximately 9.8% of the company’s shares are sold short.

Janus International Group Stock Performance

Shares of JBI stock traded up $0.19 during mid-day trading on Tuesday, hitting $7.74. 1,127,648 shares of the stock were exchanged, compared to its average volume of 2,012,042. The stock’s fifty day simple moving average is $8.68 and its two-hundred day simple moving average is $11.06. The stock has a market capitalization of $1.09 billion, a price-to-earnings ratio of 10.75 and a beta of 0.91. Janus International Group has a 12-month low of $6.68 and a 12-month high of $15.86. The company has a debt-to-equity ratio of 1.11, a quick ratio of 2.39 and a current ratio of 2.80.

Janus International Group (NYSE:JBI) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.09). The firm had revenue of $230.10 million for the quarter, compared to analysts’ expectations of $248.21 million. Janus International Group had a return on equity of 21.10% and a net margin of 10.62%. The business’s revenue for the quarter was down 17.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.27 EPS. On average, analysts forecast that Janus International Group will post 0.54 EPS for the current year.

Institutional Investors Weigh In On Janus International Group

Hedge funds have recently made changes to their positions in the business. Point72 Hong Kong Ltd acquired a new stake in shares of Janus International Group during the second quarter worth about $60,000. Amalgamated Bank lifted its position in Janus International Group by 73.2% in the second quarter. Amalgamated Bank now owns 4,909 shares of the company’s stock valued at $62,000 after purchasing an additional 2,074 shares during the period. Quarry LP lifted its position in Janus International Group by 216.4% in the second quarter. Quarry LP now owns 6,527 shares of the company’s stock valued at $82,000 after purchasing an additional 4,464 shares during the period. Comerica Bank lifted its position in Janus International Group by 78.8% in the first quarter. Comerica Bank now owns 6,721 shares of the company’s stock valued at $102,000 after purchasing an additional 2,962 shares during the period. Finally, SkyView Investment Advisors LLC acquired a new stake in Janus International Group in the second quarter valued at about $126,000. Institutional investors and hedge funds own 88.78% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on JBI shares. Jefferies Financial Group lowered Janus International Group from a “buy” rating to a “hold” rating and cut their price objective for the stock from $12.00 to $7.50 in a research report on Monday, November 4th. Wolfe Research lowered Janus International Group from an “outperform” rating to a “peer perform” rating in a research report on Monday, August 12th. Benchmark cut their price objective on Janus International Group from $21.00 to $14.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. KeyCorp dropped their target price on Janus International Group from $13.00 to $11.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th. Finally, UBS Group dropped their target price on Janus International Group from $12.00 to $8.50 and set a “neutral” rating on the stock in a report on Wednesday, October 30th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, Janus International Group has an average rating of “Hold” and a consensus target price of $10.25.

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.