Short Interest in Jollibee Foods Co. (OTCMKTS:JBFCY) Drops By 68.7%

Jollibee Foods Co. (OTCMKTS:JBFCY) was the recipient of a large drop in short interest in 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. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 10,624 shares, the days-to-cover ratio is currently 0.1 days.

Wall Street Analysts Forecast Growth

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

Jollibee Foods Trading Up 0.1%

Shares of OTCMKTS JBFCY traded up $0.01 during midday trading on Friday, reaching $10.11. The company had a trading volume of 754 shares, compared to its average volume of 4,335. The business’s 50-day simple moving average is $9.37 and its 200 day simple moving average is $11.16. Jollibee Foods has a 1 year low of $8.14 and a 1 year 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).