Je Cleantech Holdings shares surge 11.74% after-hours as short interest drops 50%.

JE Cleantech Holdings surged 11.74% in after-hours trading following a 50% decline in its short interest, signaling reduced bearish sentiment. The float's short interest now stands at 25.9 million shares, or 0.01% of the float, with an average of 1.0 day required to cover short positions. A drop in short interest typically indicates investors are less pessimistic, potentially driving price increases as short sellers cover positions. This decline contrasts with the company's competitive average short interest of 1.68%, highlighting stronger investor confidence in JE Cleantech Holdings relative to peers.