SJM Holdings Limited (OTCMKTS:SJMHY) Sees Significant Growth in Short Interest

SJM Holdings Limited (OTCMKTS:SJMHY) saw a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 3,501 shares, an increase of 454.8% from the May 31st total of 631 shares. Based on an average daily volume of 1,273 shares, the days-to-cover ratio is currently 2.8 days.

SJM Stock Performance

Shares of SJMHY traded down $0.02 during midday trading on Friday, hitting $0.69. The company had a trading volume of 17,900 shares, compared to its average volume of 4,340. SJM has a 1 year low of $0.69 and a 1 year high of $1.59. The company’s 50-day simple moving average is $1.00 and its 200-day simple moving average is $1.16.

SJM Company Profile

The J.M. Smucker Company (OTCMKTS:SJMHY) is a U.S.-based manufacturer and marketer of branded food and beverage products, along with pet food and snacks. Headquartered in Orrville, Ohio, Smucker operates through two primary segments: Consumer Foods, which includes fruit spreads, peanut butter, coffee and away-from-home beverages; and Pet Food & Other, which encompasses dog and cat foods, treats and supplements.

Within its Consumer Foods segment, Smucker’s portfolio features well-known brands such as Smucker’s fruit spreads, Jif peanut butter, Folgers and Dunkin’ packaged coffee, along with syrups and ice cream toppings.