JDE Peet’s (OTCMKTS:JDEPF) Sees Large Increase in Short Interest

JDE Peet’s (OTCMKTS:JDEPF) was the recipient of a large increase in short interest in the month of December. As of December 15th, there was short interest totaling 552,658 shares, an increase of 25.4% from the November 30th total of 440,768 shares. Based on an average trading volume of 87 shares, the short-interest ratio is currently 6,352.4 days. Based on an average trading volume of 87 shares, the short-interest ratio is currently 6,352.4 days.

JDE Peet’s Stock Performance

JDE Peet’s stock opened at $36.41 on Friday. The business’s 50-day simple moving average is $36.53 and its two-hundred day simple moving average is $33.47. JDE Peet’s has a fifty-two week low of $16.50 and a fifty-two week high of $37.65.

About JDE Peet’s

JDE Peet’s is a global pure-play coffee and tea company with operations spanning retail, out-of-home, and e-commerce channels. The company produces a wide range of coffee and tea products including whole beans, ground coffee, single-serve pods, instant coffee and various tea blends. Through partnerships with foodservice providers, restaurants and office networks, JDE Peet’s delivers branded coffee and tea offerings to millions of consumers worldwide.

The company’s portfolio encompasses a number of well-known brands such as Jacobs, Douwe Egberts, L’OR, Senseo, Tassimo, Kenco and Pickwick tea in Europe, alongside Peet’s Coffee, Stumptown and Intelligentsia in North America.