Meiji Holdings Co., Ltd. (OTCMKTS:MEJHY) Sees Large Decrease in Short Interest

Meiji Holdings Co., Ltd. (OTCMKTS:MEJHY) was the target of a significant decline in short interest in the month of July. As of July 15th, there was short interest totaling 408 shares, a decline 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.

Meiji Stock Performance

Shares of Meiji stock opened at $11.50 on Friday. Meiji has a 52-week low of $9.12 and a 52-week high of $13.15. The stock’s 50-day simple moving average is $11.37 and its 200 day simple moving average is $11.73.

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of Meiji to a “hold” rating in a research note on Thursday, April 9th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Meiji currently has an average rating of “Hold”.

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.