JB Hi-Fi Limited (OTCMKTS:JBHIF) Short Interest Update

JB Hi-Fi Limited (OTCMKTS:JBHIF) was the recipient of a significant drop in short interest in January. As of January 15th, there was short interest totaling 269,101 shares, a drop of 19.7% from the December 31st total of 335,117 shares. Based on an average daily trading volume, of 100 shares, the short-interest ratio is presently 2,691.0 days. Based on an average daily trading volume, of 100 shares, the short-interest ratio is presently 2,691.0 days.

Analyst Ratings Changes

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

JB Hi-Fi Stock Performance

Shares of OTCMKTS:JBHIF opened at C$64.35 on Tuesday. The firm has a 50 day simple moving average of C$63.69 and a 200 day simple moving average of C$69.13. JB Hi-Fi has a 52 week low of C$63.21 and a 52 week high of C$64.35.

About JB Hi-Fi

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.