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

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

Janus International Group Stock Up 3.5 %

JBI traded up $0.28 during trading hours on Wednesday, reaching $8.39. 2,214,892 shares of the stock traded hands, compared to its average volume of 1,515,384. Janus International Group has a fifty-two week low of $6.68 and a fifty-two week high of $15.53. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.80 and a quick ratio of 2.39. The company has a market cap of $1.18 billion, a price-to-earnings ratio of 11.66 and a beta of 0.97. The firm’s fifty day simple moving average is $8.00 and its two-hundred day simple moving average is $8.40.

Institutional Trading of Janus International Group

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Principal Financial Group Inc. grew its stake in Janus International Group by 854.2% during the 3rd quarter. Principal Financial Group Inc. now owns 182,876 shares of the company’s stock valued at $1,849,000 after purchasing an additional 163,711 shares in the last quarter. Atria Investments Inc boosted its stake in shares of Janus International Group by 13.4% during the 3rd quarter. Atria Investments Inc now owns 13,889 shares of the company’s stock valued at $140,000 after buying an additional 1,643 shares during the last quarter. Victory Capital Management Inc. grew its position in shares of Janus International Group by 4.0% during the third quarter. Victory Capital Management Inc. now owns 1,392,822 shares of the company’s stock worth $14,081,000 after buying an additional 53,535 shares in the last quarter. Banque Cantonale Vaudoise bought a new stake in shares of Janus International Group in the third quarter worth $243,000. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Janus International Group in the third quarter valued at $950,000. 88.78% of the stock is 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.