Short Interest in Jbs S.A. (OTCMKTS:JBSAY) Drops By 65.7%

Jbs S.A. (OTCMKTS:JBSAYGet Rating) was the target of a large drop in short interest during the month of April. As of April 15th, there was short interest totalling 66,200 shares, a drop of 65.7% from the March 31st total of 192,900 shares. Based on an average daily volume of 226,600 shares, the days-to-cover ratio is currently 0.3 days.

JBSAY stock traded down $0.37 during trading hours on Friday, hitting $15.49. 52,565 shares of the stock were exchanged, compared to its average volume of 115,737. The company has a current ratio of 1.40, a quick ratio of 0.84 and a debt-to-equity ratio of 1.69. The firm has a market capitalization of $17.39 billion, a P/E ratio of 5.05 and a beta of 1.06. The company has a 50-day simple moving average of $15.23 and a two-hundred day simple moving average of $14.05. JBS has a 12 month low of $10.83 and a 12 month high of $16.80.

JBS (OTCMKTS:JBSAYGet Rating) last posted its quarterly earnings data on Monday, March 21st. The company reported $0.96 earnings per share for the quarter. The firm had revenue of $17.42 billion for the quarter. JBS had a return on equity of 43.49% and a net margin of 5.86%.

Separately, Barclays began coverage on JBS in a research report on Monday, March 14th. They set an “overweight” rating on the stock.

JBS Company Profile (Get Rating)

JBS SA, a food company, processes and trades in animal protein worldwide. It offers beef, pork, chicken, and lamb products and by-products; food products; pet food and concentrates; and bresaola. The company also produces and commercializes steel cans, plastic resins, soap bases and bars, biodiesel, glycerin, fatty acid, collagen, and wrapper, as well as wet blue, semi-finished, and finished leather products; manages industrial residue; purchases and sells soybeans; and produces, cogenerates, and commercializes electric power.

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