Meiji Holdings Co., Ltd. (OTCMKTS:MEJHY) Sees Large Decline in Short Interest

Meiji Holdings Co., Ltd. (OTCMKTS:MEJHYGet Rating) was the target of a significant decline in short interest during the month of May. As of May 15th, there was short interest totalling 2,600 shares, a decline of 44.7% from the April 30th total of 4,700 shares. Based on an average daily volume of 400 shares, the short-interest ratio is currently 6.5 days.

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

Shares of MEJHY stock remained flat at $$12.78 during mid-day trading on Friday. The business’s fifty day moving average price is $13.13 and its 200-day moving average price is $14.41. Meiji has a 1 year low of $12.51 and a 1 year high of $16.00.

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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