Pigeon Co. (OTCMKTS:PGENY) was the recipient of a large drop in short interest in the month of December. As of December 31st, there was short interest totalling 800 shares, a drop of 52.9% from the December 15th total of 1,700 shares. Based on an average daily volume of 4,900 shares, the short-interest ratio is currently 0.2 days.
A number of equities research analysts have issued reports on the stock. JPMorgan Chase & Co. downgraded shares of Pigeon from a “neutral” rating to an “underweight” rating in a research report on Thursday. The Goldman Sachs Group cut Pigeon from a “neutral” rating to a “sell” rating in a report on Thursday, December 16th.
Shares of Pigeon stock opened at $5.24 on Friday. Pigeon has a 12 month low of $4.57 and a 12 month high of $11.56. The stock’s fifty day simple moving average is $5.10 and its 200 day simple moving average is $6.20.
Pigeon Corp. engages in the manufacture, sale, import and export of baby and childcare products, maternity items, women’s care, home healthcare and nursing care products. It operates through the following segments: Japan Business, China Business, Singapore Business, and Lansinoh Business. The Japan Business segment handles domestic baby and mother care, childcare service, and health and elder care businesses.
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