Short Interest in Jollibee Foods Co. (OTCMKTS:JBFCY) Drops By 68.7%

Jollibee Foods Co. (OTCMKTS:JBFCY) was the recipient of a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 1,406 shares, a drop of 68.7% from the July 15th total of 4,485 shares. Based on an average daily volume of 10,624 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised shares of Jollibee Foods to a “hold” rating in a research report on Wednesday, May 13th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold”.

Jollibee Foods Price Performance

OTCMKTS:JBFCY traded up $0.01 during mid-day trading on Friday, hitting $10.11. The company’s stock had a trading volume of 754 shares, compared to its average volume of 4,335. Jollibee Foods has a 1 year low of $8.14 and a 1 year high of $17.73. The business’s fifty day moving average is $9.37 and its two-hundred day moving average is $11.16.

About Jollibee Foods

Jollibee Foods Corporation is a multinational quick-service restaurant operator based in the Philippines. The company’s flagship brand, Jollibee, specializes in fried chicken, hamburgers, spaghetti, and rice dishes, catering to a wide range of flavor profiles that blend Western and Filipino tastes. Through a franchising and company-owned model, Jollibee Foods serves both dine-in and take-out customers, supported by in-store dining facilities, drive-through lanes, and delivery partnerships.

Beyond its core Jollibee brand, the company’s diversified portfolio includes Chowking (Chinese-style fast food), Greenwich (Italian-inspired pizzas and pasta), Red Ribbon (baked goods and pastries), Mang Inasal (Filipino grilled chicken), Yonghe King and Hong Zhuang Yuan (Chinese cuisines), and Smashburger (American-style burgers).