Jollibee Foods Co. (OTCMKTS:JBFCY) Sees Large Drop in Short Interest

Jollibee Foods Co. (OTCMKTS:JBFCY) was the target of a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 3,941 shares, a drop of 38.3% from the May 31st total of 6,386 shares. Based on an average trading volume of 8,640 shares, the short-interest ratio is currently 0.5 days. Approximately 0.0% of the company’s stock are sold short.

Analysts Set New Price Targets

Separately, Zacks Research raised Jollibee Foods to a “hold” rating in a research report on Wednesday, May 13th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Jollibee Foods has a consensus rating of “Hold”.

Jollibee Foods Stock Performance

Shares of OTCMKTS:JBFCY opened at $9.43 on Friday. The company has a 50-day simple moving average of $9.51 and a 200 day simple moving average of $11.95. The company has a market capitalization of $2.64 billion and a P/E ratio of 0.49. Jollibee Foods has a 52-week low of $8.14 and a 52-week high of $17.73.

Jollibee Foods Company Profile

Jollibee Foods Corporation is a multinational quick-service restaurant operator based in the Philippines. The company’s flagship brand, Jollibee, specializes in fried chicken, hamburgers, spaghetti, and rice dishes, catering to a wide range of flavor profiles that blend Western and Filipino tastes. Through a franchising and company-owned model, Jollibee Foods serves both dine-in and take-out customers, supported by in-store dining facilities, drive-through lanes, and delivery partnerships.

Beyond its core Jollibee brand, the company’s diversified portfolio includes Chowking (Chinese-style fast food), Greenwich (Italian-inspired pizzas and pasta), Red Ribbon (baked goods and pastries), Mang Inasal (Filipino grilled chicken), Yonghe King and Hong Zhuang Yuan (Chinese cuisines), and Smashburger (American-style burgers).