Short Interest in Meiji Holdings Co., Ltd. (OTCMKTS:MEJHY) Rises By 67.9%

Meiji Holdings Co., Ltd. (OTCMKTS:MEJHYGet Rating) was the target of a significant growth in short interest during the month of April. As of April 30th, there was short interest totalling 4,700 shares, a growth of 67.9% from the April 15th total of 2,800 shares. Based on an average daily volume of 700 shares, the days-to-cover ratio is presently 6.7 days.

Shares of OTCMKTS MEJHY opened at $12.66 on Friday. The company’s 50 day simple moving average is $13.46 and its 200 day simple moving average is $14.61. Meiji has a fifty-two week low of $12.51 and a fifty-two week high of $16.00.

Several research firms have recently commented on MEJHY. The Goldman Sachs Group cut shares of Meiji from a “neutral” rating to a “sell” rating in a research note on Friday, March 11th. Daiwa Capital Markets lowered shares of Meiji from an “outperform” rating to a “neutral” rating in a report on Tuesday, March 1st.

Meiji Company Profile (Get Rating)

Meiji Holdings Co, Ltd., through its subsidiaries, manufactures and sells dairy products, confectioneries, nutritional products, and pharmaceuticals in Japan and internationally. The company operates through two segments, Food and Pharmaceutical. It provides yogurt, drinking milk, beverages, cheese, butter and margarine, cream, ice cream, frozen foods, chocolates, gummy products, chewing gums, candies, sports nutrition products, infant and eternal formula, beauty supplements, OTC drugs, livestock products, and sugar, as well as transportation and distribution services.

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