Jollibee Foods Co. (OTCMKTS:JBFCY) Short Interest Down 38.3% in June

Jollibee Foods Co. (OTCMKTS:JBFCY) was the target of a significant decline in short interest in June. As of June 15th, there was short interest totaling 3,941 shares, a decline of 38.3% from the May 31st total of 6,386 shares. Based on an average trading volume of 8,640 shares, the short-interest ratio is currently 0.5 days. Approximately 0.0% of the company’s stock are short sold.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of 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, According to data from MarketBeat.com, Jollibee Foods presently has an average rating of “Hold”.

Jollibee Foods Stock Up 2.3%

Shares of Jollibee Foods stock traded up $0.21 on Thursday, reaching $9.43. The company’s stock had a trading volume of 4,552 shares, compared to its average volume of 4,460. The company has a market capitalization of $2.64 billion and a price-to-earnings ratio of 0.49. The firm’s fifty day simple moving average is $9.54 and its two-hundred day simple moving average is $11.97. Jollibee Foods has a 52 week low of $8.14 and a 52 week high of $17.73.

About Jollibee Foods

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).