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

Janus International Group, Inc. (NYSE:JBI) was the recipient of a large increase in short interest in 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 shares are short sold. Based on an average daily volume of 1,630,000 shares, the short-interest ratio is presently 11.7 days.

Janus International Group Stock Up 0.9 %

Shares of NYSE:JBI traded up $0.11 during trading hours on Wednesday, hitting $12.54. The company’s stock had a trading volume of 651,793 shares, compared to its average volume of 1,658,461. Janus International Group has a 52 week low of $9.16 and a 52 week high of $15.86. The company has a debt-to-equity ratio of 1.13, a current ratio of 2.95 and a quick ratio of 2.63. The company has a market capitalization of $1.83 billion, a price-to-earnings ratio of 13.08 and a beta of 0.91. The firm’s fifty day moving average price is $13.66 and its 200 day moving average price is $14.11.

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

Institutional Investors Weigh In On Janus International Group

Several large investors have recently modified their holdings of JBI. Silvercrest Asset Management Group LLC bought a new position in shares of Janus International Group during the 1st quarter worth approximately $44,026,000. Vanguard Group Inc. raised its stake in shares of Janus International Group by 26.8% during the 4th quarter. Vanguard Group Inc. now owns 11,636,534 shares of the company’s stock worth $151,857,000 after acquiring an additional 2,458,953 shares in the last quarter. Wellington Management Group LLP bought a new position in shares of Janus International Group during the 3rd quarter worth approximately $26,096,000. Allspring Global Investments Holdings LLC raised its stake in shares of Janus International Group by 59.0% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 5,460,759 shares of the company’s stock worth $71,263,000 after acquiring an additional 2,027,286 shares in the last quarter. Finally, Schroder Investment Management Group bought a new position in shares of Janus International Group during the 4th quarter worth approximately $26,103,000. Institutional investors own 88.78% of the company’s stock.

Wall Street Analysts Forecast Growth

JBI has been the subject of a number of research analyst reports. Benchmark reiterated a “buy” rating and set a $21.00 price objective on shares of Janus International Group in a report on Tuesday, May 14th. Jefferies Financial Group initiated coverage on shares of 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 research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Janus International Group presently has a consensus rating of “Moderate Buy” and an average price target of $16.30.

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.