Jumei International Holding Ltd (NYSE:JMEI) Short Interest Down 27.0% in March

Jumei International Holding Ltd (NYSE:JMEI) was the recipient of a significant drop in short interest in the month of March. As of March 15th, there was short interest totalling 977,379 shares, a drop of 27.0% from the February 28th total of 1,338,602 shares. Based on an average trading volume of 504,022 shares, the short-interest ratio is presently 1.9 days.

Separately, ValuEngine lowered Jumei International from a “hold” rating to a “sell” rating in a report on Thursday, December 27th.

Jumei International stock traded down $0.07 during mid-day trading on Friday, reaching $2.47. 390,923 shares of the company’s stock were exchanged, compared to its average volume of 577,207. Jumei International has a one year low of $1.44 and a one year high of $2.94.

Institutional investors and hedge funds have recently modified their holdings of the business. Two Sigma Investments LP bought a new stake in shares of Jumei International in the fourth quarter valued at $107,000. Wealth Architects LLC purchased a new position in Jumei International during the fourth quarter worth about $37,000. Connor Clark & Lunn Investment Management Ltd. grew its position in Jumei International by 108.7% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 136,400 shares of the specialty retailer’s stock worth $250,000 after buying an additional 71,030 shares in the last quarter. BlackRock Inc. grew its position in Jumei International by 6.5% during the third quarter. BlackRock Inc. now owns 1,628,740 shares of the specialty retailer’s stock worth $3,468,000 after buying an additional 98,743 shares in the last quarter. Finally, Virtu Financial LLC grew its position in Jumei International by 158.8% during the fourth quarter. Virtu Financial LLC now owns 54,665 shares of the specialty retailer’s stock worth $100,000 after buying an additional 33,545 shares in the last quarter. Hedge funds and other institutional investors own 5.51% of the company’s stock.

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Jumei International Company Profile

Jumei International Holding Limited operates as an online retailer of beauty products in the People's Republic of China. The company offers beauty products, such as cosmetics, skin care, cosmetic applicators, fragrance, and body care products; and beauty products for men, and baby and children. It also provides apparel and other lifestyle products, including women's wear, footwear, lingerie, handbags and luggage, men's wear, sportswear and sporting goods, accessories, home goods, and other lifestyle products, as well as baby, children, and maternity products; and snacks, cereals, and health supplements.

See Also: Preferred Stock

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