Welcia Holdings Co., Ltd. (OTCMKTS:WLCGF) Sees Large Increase in Short Interest

Welcia Holdings Co., Ltd. (OTCMKTS:WLCGF) was the target of a significant increase in short interest in August. As of August 31st, there was short interest totalling 1,037,500 shares, an increase of 29.3% from the August 15th total of 802,500 shares. Based on an average trading volume of 3,200 shares, the short-interest ratio is presently 324.2 days.

Analysts Set New Price Targets

A number of analysts recently commented on WLCGF shares. JPMorgan Chase & Co. downgraded shares of Welcia from an “overweight” rating to a “neutral” rating in a report on Friday, May 26th. The Goldman Sachs Group downgraded shares of Welcia from a “buy” rating to a “neutral” rating in a report on Thursday, June 8th.

Welcia Stock Performance

Shares of OTCMKTS WLCGF opened at $17.83 on Friday. Welcia has a 12-month low of $17.83 and a 12-month high of $21.50. The firm has a 50-day simple moving average of $20.25.

About Welcia

Welcia Holdings Co, Ltd., together with its subsidiaries, operates a chain of drug stores with dispensing pharmacies in Japan. Its stores offer OTC products, cosmetics, household goods, food, and other products. The company also offers counseling, late-night, and long-term care services, as well as home-visit bathing and nursing care support services, as well as housing services for elderly people.