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

Jollibee Foods Co. (OTCMKTS:JBFCY) was the target of a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 1,406 shares, a drop of 68.7% from the July 15th total of 4,485 shares. Based on an average daily trading volume, of 10,624 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are sold short.

Analyst Ratings Changes

Separately, Zacks Research upgraded Jollibee Foods to a “hold” rating in a research note on Wednesday, May 13th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Jollibee Foods presently has an average rating of “Hold”.

Jollibee Foods Trading Up 0.1%

Shares of OTCMKTS:JBFCY opened at $10.11 on Friday. The company has a 50-day moving average price of $9.39 and a two-hundred day moving average price of $11.15. Jollibee Foods has a twelve month low of $8.14 and a twelve month 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).