Jbs S.A. (OTCMKTS:JBSAY) Sees Significant Growth in Short Interest

Jbs S.A. (OTCMKTS:JBSAY) was the target of a significant increase in short interest in January. As of January 31st, there was short interest totalling 11,500 shares, an increase of 259.4% from the January 15th total of 3,200 shares. Based on an average trading volume of 211,000 shares, the days-to-cover ratio is currently 0.1 days.

JBS Stock Performance

OTCMKTS:JBSAY traded down $0.04 during trading hours on Wednesday, hitting $12.07. 34,158 shares of the company were exchanged, compared to its average volume of 89,610. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.47 and a quick ratio of 0.85. JBS has a 52-week low of $8.17 and a 52-week high of $14.22. The stock has a market capitalization of $13.39 billion, a price-to-earnings ratio of 9.74 and a beta of 1.15. The company’s 50 day moving average price is $12.05 and its 200-day moving average price is $12.13.

JBS Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, January 27th. Shareholders of record on Tuesday, November 26th were given a dividend of $0.3468 per share. The ex-dividend date of this dividend was Tuesday, November 26th. This represents a $1.39 dividend on an annualized basis and a yield of 11.49%. JBS’s dividend payout ratio is currently 82.26%.

About JBS

JBS SA, together with its subsidiaries, engages in the processing of animal protein worldwide. The company trades in beef, pork, chicken, poultry, fish, and lamb products; cooked frozen meat; plant based products; and other food products. It produces and commercializes leather, steel cans, plastic resin, personal care and cleaning products, and collagen, as well as wet blue leather, semi-finished, and finished leather products.