Short Interest in JDE Peet’s (OTCMKTS:JDEPF) Declines By 30.7%

JDE Peet’s (OTCMKTS:JDEPF) was the recipient of a large drop in short interest in December. As of December 31st, there was short interest totaling 382,749 shares, a drop of 30.7% from the December 15th total of 552,658 shares. Based on an average daily volume of 45 shares, the days-to-cover ratio is currently 8,505.5 days. Based on an average daily volume of 45 shares, the days-to-cover ratio is currently 8,505.5 days.

JDE Peet’s Price Performance

Shares of JDEPF remained flat at $36.41 during trading on Friday. The business has a fifty day simple moving average of $36.62 and a two-hundred day simple moving average of $34.24. JDE Peet’s has a 52 week low of $16.50 and a 52 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.