JB Hi-Fi Limited (OTCMKTS:JBHIF) Short Interest Update

JB Hi-Fi Limited (OTCMKTS:JBHIF) was the target of a significant increase in short interest in the month of February. As of February 27th, there was short interest totaling 241,007 shares, an increase of 38.6% from the February 12th total of 173,923 shares. Based on an average daily volume of 22 shares, the short-interest ratio is presently 10,954.9 days. Based on an average daily volume of 22 shares, the short-interest ratio is presently 10,954.9 days.

JB Hi-Fi Price Performance

Shares of JBHIF remained flat at C$60.34 during mid-day trading on Friday. JB Hi-Fi has a one year low of C$58.97 and a one year high of C$64.35. The stock has a 50-day simple moving average of C$61.75 and a two-hundred day simple moving average of C$67.05.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada started coverage on JB Hi-Fi in a report on Monday, December 8th. They set a “sector perform” rating and a $101.00 price target for the company. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold”.

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.