Short Interest in Jumei International Holding Ltd. (JMEI) Expands By 57.5%
Jumei International Holding Ltd. (NYSE:JMEI) was the recipient of a significant growth in short interest in October. As of October 31st, there was short interest totalling 1,614,258 shares, a growth of 57.5% from the October 14th total of 1,024,648 shares. Based on an average daily volume of 387,779 shares, the short-interest ratio is currently 4.2 days. Approximately 2.5% of the company’s stock are short sold.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in JMEI. BlackRock Inc. boosted its position in Jumei International Holding by 72.1% in the third quarter. BlackRock Inc. now owns 18,020 shares of the company’s stock worth $105,000 after buying an additional 7,549 shares in the last quarter. Nomura Holdings Inc. purchased a new stake in Jumei International Holding during the second quarter valued at $106,000. Cubist Systematic Strategies LLC purchased a new stake in Jumei International Holding during the second quarter valued at $107,000. Aperio Group LLC boosted its stake in Jumei International Holding by 2.3% in the third quarter. Aperio Group LLC now owns 26,077 shares of the company’s stock valued at $153,000 after buying an additional 587 shares during the period. Finally, Profund Advisors LLC boosted its stake in Jumei International Holding by 43.8% in the third quarter. Profund Advisors LLC now owns 50,144 shares of the company’s stock valued at $293,000 after buying an additional 15,276 shares during the period. Hedge funds and other institutional investors own 32.39% of the company’s stock.
Shares of Jumei International Holding (NYSE:JMEI) opened at 5.03 on Wednesday. Jumei International Holding has a 1-year low of $3.80 and a 1-year high of $10.45. The firm has a market capitalization of $737.57 million, a PE ratio of 41.57 and a beta of 1.84. The firm has a 50-day moving average of $5.28 and a 200-day moving average of $4.95.
Separately, Credit Suisse Group AG raised shares of Jumei International Holding from a “neutral” rating to an “outperform” rating in a research report on Thursday, August 25th. Two analysts have rated the stock with a sell rating, two have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $10.23.
About Jumei International Holding
Jumei International Holding Limited is an online retailer of beauty products. The Company’s sales formats consist of curated sales, online shopping mall and flash sales. The Company’s Jumei Global sales channel is part of its curated sales format. The Company’s curated sales format includes branded beauty products, baby, children and maternity products, light luxury products and health supplements.
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