Jumei International Holding Limited (NYSE:JMEI) was the recipient of a large drop in short interest in the month of July. As of July 31st, there was short interest totalling 449,136 shares, a drop of 42.1% from the July 14th total of 776,154 shares. Approximately 0.7% of the company’s shares are sold short. Based on an average trading volume of 531,555 shares, the short-interest ratio is presently 0.8 days.

A number of large investors have recently made changes to their positions in the company. State Street Corp boosted its stake in shares of Jumei International Holding Limited by 53.4% in the fourth quarter. State Street Corp now owns 531,460 shares of the specialty retailer’s stock worth $2,662,000 after buying an additional 184,997 shares during the period. Morgan Stanley boosted its stake in shares of Jumei International Holding Limited by 4.0% in the first quarter. Morgan Stanley now owns 3,680,383 shares of the specialty retailer’s stock worth $13,580,000 after buying an additional 142,854 shares during the period. Guggenheim Capital LLC boosted its stake in shares of Jumei International Holding Limited by 119.8% in the fourth quarter. Guggenheim Capital LLC now owns 50,439 shares of the specialty retailer’s stock worth $253,000 after buying an additional 27,495 shares during the period. SG Americas Securities LLC boosted its stake in shares of Jumei International Holding Limited by 21.7% in the first quarter. SG Americas Securities LLC now owns 414,198 shares of the specialty retailer’s stock worth $1,528,000 after buying an additional 73,800 shares during the period. Finally, Renaissance Technologies LLC boosted its stake in shares of Jumei International Holding Limited by 28.2% in the first quarter. Renaissance Technologies LLC now owns 2,941,800 shares of the specialty retailer’s stock worth $10,855,000 after buying an additional 647,000 shares during the period. Institutional investors and hedge funds own 30.90% of the company’s stock.

Shares of Jumei International Holding Limited (NYSE JMEI) opened at 2.55 on Thursday. The firm’s 50-day moving average price is $2.27 and its 200-day moving average price is $3.17. Jumei International Holding Limited has a one year low of $2.00 and a one year high of $6.19. The firm has a market capitalization of $381.85 million, a P/E ratio of 18.09 and a beta of 1.67.

A number of analysts have weighed in on JMEI shares. ValuEngine upgraded Jumei International Holding Limited from a “hold” rating to a “buy” rating in a report on Thursday, May 25th. BidaskClub upgraded Jumei International Holding Limited from a “strong sell” rating to a “sell” rating in a report on Thursday, July 13th.

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About Jumei International Holding Limited

Jumei International Holding Limited is an online retailer of beauty products. The Company’s sales formats consist of curated sales, online shopping mall and flash sales. The Company’s Jumei Global sales channel is part of its curated sales format. The Company’s curated sales format includes branded beauty products, baby, children and maternity products, light luxury products and health supplements.

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