Short Interest in Meiji Holdings Co., Ltd. (OTCMKTS:MEJHY) Rises By 232.2%

Meiji Holdings Co., Ltd. (OTCMKTS:MEJHY) saw a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 1,352 shares, a growth of 232.2% from the July 30th total of 407 shares. Based on an average daily volume of 158 shares, the short-interest ratio is presently 8.6 days.

Meiji Stock Performance

Shares of MEJHY stock remained flat at $14.17 during mid-day trading on Friday. The stock had a trading volume of 2,106 shares, compared to its average volume of 480. Meiji has a one year low of $9.12 and a one year high of $14.35. The stock’s fifty day simple moving average is $12.04 and its 200-day simple moving average is $11.97.

Meiji Company Profile

Meiji (OTCMKTS:MEJHY) is the American depositary receipt that represents shares of Meiji Holdings Co, Ltd., a Tokyo-based diversified food and pharmaceutical company. Through its two main subsidiaries, Meiji Co, Ltd. and Meiji Seika Pharma Co, Ltd., the company engages in the development, production and sale of a wide range of food and health care products.

In its food business, Meiji offers dairy products such as milk, yogurt, cheese and infant formula under the Meiji brand. The company is also known for its confectionery line, which includes chocolate, candy, gum and biscuits, marketed both domestically in Japan and across Asia.