Short Interest in JB Hi-Fi Limited (OTCMKTS:JBHIF) Declines By 86.4%

JB Hi-Fi Limited (OTCMKTS:JBHIF) was the target of a large decline in short interest during the month of December. As of December 15th, there was short interest totaling 325,344 shares, a decline of 86.4% from the November 30th total of 2,396,059 shares. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is currently ∞ days. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is currently ∞ days.

Wall Street Analyst Weigh In

Separately, Royal Bank Of Canada started coverage on JB Hi-Fi in a report on Monday, December 8th. They issued a “sector perform” rating and a $101.00 price objective on the stock. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

JB Hi-Fi Stock Performance

Shares of OTCMKTS JBHIF remained flat at C$63.21 during mid-day trading on Wednesday. The firm has a 50-day simple moving average of C$67.74 and a 200 day simple moving average of C$69.65. JB Hi-Fi has a 12-month low of C$56.58 and a 12-month high of C$74.00.

JB Hi-Fi Company Profile

JB Hi-Fi is a prominent consumer electronics and home entertainment retailer based in Australia, with an expanding footprint of over 300 stores across Australia and New Zealand. The company offers an extensive selection of products, including televisions, audio equipment, computers and tablets, mobile phones, gaming consoles, DVDs and Blu-ray, music, cameras, and a range of small domestic appliances. JB Hi-Fi also operates a comprehensive e-commerce platform, allowing customers to shop online and access click-and-collect and home delivery services.

Founded in 1974 by John Barbuto as a single hi-fi specialist store in Melbourne, JB Hi-Fi has grown through organic expansion and disciplined store rollout.