Meiji Holdings Co., Ltd. (OTCMKTS:MEJHY) sees sharp drop in short-term interest
Meiji Holdings Co., Ltd. (OTCMKTS: MEJHY – Get a rating) was the target of a significant decline in short interest during the month of May. As of May 15, there was short interest totaling 2,600 shares, down 44.7% from April 30’s total of 4,700 shares. Based on an average daily volume of 400 shares, the short interest rate is currently 6.5 days.
Several analysts weighed in on MEJHY shares. Goldman Sachs Group downgraded Meiji shares from a “neutral” rating to a “sell” rating in a Friday, March 11 research note. Daiwa Capital Markets downgraded Meiji shares from an “outperform” rating to a “neutral” rating in a Tuesday, March 1 research note.
Shares of MEJHY Stock held steady at $12.78 during midday trading on Friday. The company’s fifty-day moving average price is $13.13 and its 200-day moving average price is $14.41. Meiji has a 1-year low of $12.51 and a 1-year high of $16.00.
Meiji Company Profile (Get a rating)
Meiji Holdings Co, Ltd., through its subsidiaries, manufactures and sells dairy products, confectionery, nutritional products and pharmaceutical products in Japan and overseas. The Company operates through two segments, food and pharmaceutical. It provides yogurt, fluid milk, beverages, cheese, butter and margarine, cream, ice cream, frozen foods, chocolates, gummy products, chewing gums, candies , sports nutrition products, infant and eternal formula, beauty supplements, over-the-counter medications, breeding products. , and sugar, as well as transportation and distribution services.
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