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SJM Holdings Limited (OTCMKTS:SJMHY) Sees Significant Drop in Short Interest

kopsource ·  Feb 12, 2023 20:22

SJM Holdings Limited (OTCMKTS:SJMHY – Get Rating) was the recipient of a large decline in short interest during the month of January. As of January 31st, there was short interest totalling 3,500 shares, a decline of 89.1% from the January 15th total of 32,100 shares. Based on an average trading volume of 14,900 shares, the days-to-cover ratio is presently 0.2 days.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley raised shares of SJM from an "underweight" rating to an "equal weight" rating in a report on Monday, November 21st.

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SJM Price Performance

SJMHY remained flat at $2.14 during trading on Friday. 23 shares of the company's stock were exchanged, compared to its average volume of 7,497. SJM has a 52-week low of $1.18 and a 52-week high of $2.55. The stock has a 50 day moving average price of $2.28 and a two-hundred day moving average price of $1.75.

SJM Company Profile

(Get Rating)

SJM Holdings Limited, an investment holding company, owns, develops, and operates casinos and related facilities in Macau, Hong Kong, and internationally. It operates through two segments, Gaming Operations; and Hotel, Catering, Retail and Leasing Operations. The Gaming Operations segment engages in the VIP gaming, mass market table gaming, slot machine, and other gaming operations.

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