JB Hi-Fi Limited (OTCMKTS:JBHIF) Short Interest Down 19.7% in January

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

Analyst Upgrades and Downgrades

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

JB Hi-Fi Price Performance

Shares of OTCMKTS:JBHIF remained flat at C$64.35 on Friday. JB Hi-Fi has a 12-month low of C$63.21 and a 12-month high of C$64.35. The firm has a 50-day moving average of C$63.67 and a 200 day moving average of C$69.13.

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.