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

Jollibee Foods Co. (OTCMKTS:JBFCY) was the target of a large decrease in short interest in March. As of March 15th, there was short interest totalling 400 shares, a decrease of 55.6% from the February 28th total of 900 shares. Based on an average daily volume of 300 shares, the days-to-cover ratio is presently 1.3 days.

Jollibee Foods Price Performance

OTCMKTS:JBFCY remained flat at $15.93 on Friday. 22 shares of the company traded hands, compared to its average volume of 480. Jollibee Foods has a fifty-two week low of $14.42 and a fifty-two week high of $19.74. The company’s 50 day moving average price is $17.31 and its 200 day moving average price is $17.69.

About Jollibee Foods

Jollibee Foods Corporation develops, operates, and franchises quick service restaurants. The company operates quick-service restaurants under the Jollibee, Chowking, Greenwich, Red Ribbon, Yong He King, Hong Zhuang Yuan, Mang Inasal, Burger King, Highlands Coffee, PHO24, Smashburger, Tim Ho Wan, Tortazo, The Coffee Bean & Tea Leaf, Yoshinoya, Milksha, and Panda Express names in the Philippines, the United States, Canada, the People's Republic of China, the United Kingdom, Italy, Spain, Vietnam, Brunei, Singapore, Saudi Arabia, the United Arab Emirates, Qatar, Oman, Kuwait, Bahrain, Indonesia, Costa Rica, Egypt, Panama, Malaysia, South Korea, Australia, and India.