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.
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.
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