JB Hi-Fi Limited (OTCMKTS:JBHIF) Short Interest Update

JB Hi-Fi Limited (OTCMKTS:JBHIF) saw a large decline in short interest in January. As of January 15th, there was short interest totaling 269,101 shares, a decline of 19.7% from the December 31st total of 335,117 shares. Based on an average daily volume of 100 shares, the short-interest ratio is presently 2,691.0 days. Based on an average daily volume of 100 shares, the short-interest ratio is presently 2,691.0 days.

JB Hi-Fi Stock Performance

JBHIF remained flat at C$64.35 during trading hours on Friday. JB Hi-Fi has a twelve month low of C$63.21 and a twelve month high of C$64.35. The stock’s 50 day moving average is C$63.67 and its two-hundred day moving average is C$69.13.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada initiated coverage on shares of JB Hi-Fi in a research report on Monday, December 8th. They issued a “sector perform” rating and a $101.00 price objective for the company. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

About JB Hi-Fi

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.