Meiji Holdings Co., Ltd. (OTCMKTS:MEJHY – Get Free Report) was the target of a large increase in short interest in August. As of August 31st, there was short interest totaling 2,254 shares, an increase of 66.7% from the August 15th total of 1,352 shares. Based on an average daily volume of 908 shares, the short-interest ratio is presently 2.5 days.
Meiji Price Performance
Shares of OTCMKTS MEJHY opened at $13.80 on Thursday. The firm’s 50 day simple moving average is $12.87 and its 200-day simple moving average is $12.14. Meiji has a 12 month low of $9.12 and a 12 month high of $14.40.
About Meiji
Meiji (OTCMKTS:MEJHY) is the American depositary receipt that represents shares of Meiji Holdings Co, Ltd., a Tokyo-based diversified food and pharmaceutical company. Through its two main subsidiaries, Meiji Co, Ltd. and Meiji Seika Pharma Co, Ltd., the company engages in the development, production and sale of a wide range of food and health care products.
In its food business, Meiji offers dairy products such as milk, yogurt, cheese and infant formula under the Meiji brand. The company is also known for its confectionery line, which includes chocolate, candy, gum and biscuits, marketed both domestically in Japan and across Asia.
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