Short Interest in Meiji Holdings Co., Ltd. (OTCMKTS:MEJHY) Drops By 66.3%

Meiji Holdings Co., Ltd. (OTCMKTS:MEJHY) was the recipient of a significant decrease in short interest during the month of July. As of July 15th, there was short interest totaling 408 shares, a decrease of 66.3% from the June 30th total of 1,210 shares. Based on an average trading volume of 131 shares, the short-interest ratio is currently 3.1 days.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of Meiji to a “hold” rating in a research report on Thursday, April 9th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

Meiji Stock Performance

Shares of Meiji stock remained flat at $11.37 during trading hours on Tuesday. The stock had a trading volume of 154 shares, compared to its average volume of 1,109. Meiji has a 1-year low of $9.12 and a 1-year high of $13.15. The firm has a 50-day moving average of $11.37 and a two-hundred day moving average of $11.74.

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.