JDE Peet’s (OTCMKTS:JDEPF) Short Interest Up 30.2% in August

JDE Peet’s (OTCMKTS:JDEPF) was the target of a significant increase in short interest in the month of August. As of August 31st, there was short interest totalling 814,200 shares, an increase of 30.2% from the August 15th total of 625,200 shares. Based on an average daily volume of 200 shares, the short-interest ratio is presently 4,071.0 days.

JDE Peet’s Trading Down 4.5 %

JDEPF opened at $27.70 on Monday. JDE Peet’s has a 12 month low of $26.45 and a 12 month high of $31.77. The business’s 50-day moving average price is $28.58 and its 200-day moving average price is $28.98.

Analysts Set New Price Targets

JDEPF has been the subject of several research reports. ING Group lowered JDE Peet’s from a “buy” rating to a “hold” rating in a report on Tuesday, August 22nd. Deutsche Bank Aktiengesellschaft downgraded JDE Peet’s from a “buy” rating to a “hold” rating in a research report on Wednesday, September 6th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $28.83.

JDE Peet’s Company Profile

JDE Peet's N.V., together with its subsidiaries, provides various coffee and tea products worldwide. It operates through CPG Europe, CPG LARMEA, CPG APAC, Out-of-Home, and Peet's segments. The company sells its products under the L'OR, Peet's, Jacobs, Senseo, Tassimo, Douwe Egberts, OldTown, Super, Pickwick, and Moccona brand names.