Short Interest in SJM Holdings Limited (OTCMKTS:SJMHF) Declines By 66.3%

SJM Holdings Limited (OTCMKTS:SJMHF) saw a large decrease in short interest during the month of October. As of October 15th, there was short interest totalling 6,715,100 shares, a decrease of 66.3% from the September 30th total of 19,924,900 shares. Based on an average daily trading volume, of 2,600 shares, the days-to-cover ratio is presently 2,582.7 days.

Analysts Set New Price Targets

Separately, Citigroup downgraded shares of SJM from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 26th.

SJM Stock Performance

OTCMKTS SJMHF remained flat at $0.34 on Friday. SJM has a one year low of $0.27 and a one year high of $0.41. The business’s fifty day moving average price is $0.34 and its two-hundred day moving average price is $0.34. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.61 and a current ratio of 0.64.

About SJM

SJM Holdings Limited, an investment holding company, owns, develops, and operates casinos and related facilities in Macau. The company operates through two segments, Gaming Operations; and Hotel, Catering, Retail and Leasing Operations. The Gaming Operations segment engages in rolling, non-rolling, and electronic game gaming operations.