Janus International Group, Inc. (NYSE:JBI) Sees Significant Increase in Short Interest

Janus International Group, Inc. (NYSE:JBI) was the target of a large increase in short interest in the month of May. As of May 31st, there was short interest totalling 17,300,000 shares, an increase of 12.9% from the May 15th total of 15,320,000 shares. Currently, 12.3% of the company’s stock are short sold. Based on an average daily volume of 1,590,000 shares, the days-to-cover ratio is presently 10.9 days.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Tucker Asset Management LLC purchased a new position in shares of Janus International Group in the 4th quarter worth about $35,000. Parkside Financial Bank & Trust increased its stake in shares of Janus International Group by 67.6% in the third quarter. Parkside Financial Bank & Trust now owns 4,326 shares of the company’s stock worth $46,000 after purchasing an additional 1,745 shares in the last quarter. McGlone Suttner Wealth Management Inc. bought a new stake in shares of Janus International Group in the fourth quarter valued at approximately $52,000. Comerica Bank lifted its stake in shares of Janus International Group by 78.8% during the 1st quarter. Comerica Bank now owns 6,721 shares of the company’s stock valued at $102,000 after buying an additional 2,962 shares in the last quarter. Finally, PEAK6 Investments LLC bought a new position in Janus International Group in the 3rd quarter worth approximately $119,000. Institutional investors own 88.78% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Benchmark reissued a “buy” rating and set a $21.00 target price on shares of Janus International Group in a research report on Tuesday, May 14th. Jefferies Financial Group initiated coverage on Janus International Group in a report on Monday, April 15th. They set a “buy” rating and a $20.00 price objective for the company. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $16.30.

Janus International Group Stock Up 2.5 %

Janus International Group stock traded up $0.33 during midday trading on Tuesday, hitting $13.33. 482,709 shares of the stock were exchanged, compared to its average volume of 1,591,166. The company has a quick ratio of 2.63, a current ratio of 2.95 and a debt-to-equity ratio of 1.13. The stock has a market capitalization of $1.95 billion, a price-to-earnings ratio of 13.68 and a beta of 0.93. Janus International Group has a 52-week low of $9.16 and a 52-week high of $15.86. The business’s 50-day moving average price is $14.08 and its 200-day moving average price is $13.97.

Janus International Group (NYSE:JBI) last announced its earnings results on Thursday, May 9th. The company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.02. The firm had revenue of $254.50 million for the quarter, compared to the consensus estimate of $252.90 million. Janus International Group had a return on equity of 28.95% and a net margin of 13.14%. The company’s revenue was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.18 EPS. On average, research analysts expect that Janus International Group will post 1.03 EPS for the current fiscal year.

About Janus International Group

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.