Short Interest in JB Hi-Fi Limited (OTCMKTS:JBHIF) Declines By 86.4%

JB Hi-Fi Limited (OTCMKTS:JBHIF) was the target of a large drop in short interest during the month of December. As of December 15th, there was short interest totaling 325,344 shares, a drop of 86.4% from the November 30th total of 2,396,059 shares. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is presently ∞ days. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is presently ∞ days.

JB Hi-Fi Price Performance

Shares of JBHIF remained flat at C$63.21 during mid-day trading on Wednesday. The business has a 50-day moving average of C$67.74 and a two-hundred day moving average of C$69.65. JB Hi-Fi has a one year low of C$56.58 and a one year high of C$74.00.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada began coverage on shares of JB Hi-Fi in a research report on Monday, December 8th. They set a “sector perform” rating and a $101.00 target price for the company. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the company has a consensus rating of “Hold”.

JB Hi-Fi Company Profile

JB Hi-Fi is a prominent consumer electronics and home entertainment retailer based in Australia, with an expanding footprint of over 300 stores across Australia and New Zealand. The company offers an extensive selection of products, including televisions, audio equipment, computers and tablets, mobile phones, gaming consoles, DVDs and Blu-ray, music, cameras, and a range of small domestic appliances. JB Hi-Fi also operates a comprehensive e-commerce platform, allowing customers to shop online and access click-and-collect and home delivery services.

Founded in 1974 by John Barbuto as a single hi-fi specialist store in Melbourne, JB Hi-Fi has grown through organic expansion and disciplined store rollout.