Janus International Group, Inc. (NYSE:JBI) Sees Large Decrease in Short Interest

Janus International Group, Inc. (NYSE:JBI) was the recipient of a significant drop in short interest in the month of February. As of February 28th, there was short interest totalling 11,180,000 shares, a drop of 14.3% from the February 13th total of 13,040,000 shares. Based on an average daily volume of 1,520,000 shares, the short-interest ratio is presently 7.4 days. Approximately 8.3% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in JBI. Federated Hermes Inc. lifted its stake in Janus International Group by 109.3% during the fourth quarter. Federated Hermes Inc. now owns 4,798 shares of the company’s stock worth $35,000 after purchasing an additional 2,506 shares during the period. Tower Research Capital LLC TRC lifted its stake in Janus International Group by 42.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 5,146 shares of the company’s stock worth $38,000 after purchasing an additional 1,544 shares during the period. US Bancorp DE lifted its stake in Janus International Group by 108.8% during the fourth quarter. US Bancorp DE now owns 5,601 shares of the company’s stock worth $41,000 after purchasing an additional 2,918 shares during the period. KBC Group NV lifted its stake in Janus International Group by 102.9% during the fourth quarter. KBC Group NV now owns 8,867 shares of the company’s stock worth $65,000 after purchasing an additional 4,496 shares during the period. Finally, Group One Trading LLC lifted its stake in Janus International Group by 9,000.0% during the fourth quarter. Group One Trading LLC now owns 9,100 shares of the company’s stock worth $67,000 after purchasing an additional 9,000 shares during the period. Institutional investors own 88.78% of the company’s stock.

Janus International Group Stock Down 3.3 %

Shares of JBI opened at $8.09 on Friday. The stock has a market cap of $1.14 billion, a price-to-earnings ratio of 11.24 and a beta of 0.97. The company has a quick ratio of 2.39, a current ratio of 2.80 and a debt-to-equity ratio of 1.11. Janus International Group has a 12 month low of $6.68 and a 12 month high of $15.53. The company has a 50-day moving average price of $8.05 and a two-hundred day moving average price of $8.40.

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.