Jbs S.A. (OTCMKTS:JBSAY) Short Interest Down 95.3% in August

Jbs S.A. (OTCMKTS:JBSAY) saw a large drop in short interest in the month of August. As of August 15th, there was short interest totalling 400 shares, a drop of 95.3% from the July 31st total of 8,500 shares. Based on an average daily volume of 335,700 shares, the days-to-cover ratio is currently 0.0 days.

JBS Price Performance

OTCMKTS:JBSAY traded down $0.46 during mid-day trading on Thursday, reaching $12.32. 61,752 shares of the stock were exchanged, compared to its average volume of 134,411. The company has a current ratio of 1.68, a quick ratio of 0.90 and a debt-to-equity ratio of 1.93. The business has a fifty day moving average price of $11.94 and a 200 day moving average price of $10.37. JBS has a 1-year low of $6.88 and a 1-year high of $14.22. The firm has a market capitalization of $13.66 billion, a PE ratio of 32.41 and a beta of 1.13.

JBS (OTCMKTS:JBSAY) last issued its earnings results on Tuesday, August 13th. The company reported $0.30 earnings per share for the quarter. JBS had a net margin of 0.56% and a return on equity of 4.39%. The firm had revenue of $19.30 billion during the quarter, compared to analysts’ expectations of $18.95 billion.

JBS Increases Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, October 17th. Shareholders of record on Monday, August 26th will be issued a dividend of $0.7106 per share. The ex-dividend date is Monday, August 26th. This is an increase from JBS’s previous dividend of $0.40. JBS’s payout ratio is presently 186.84%.

About JBS

JBS SA, together with its subsidiaries, engages in the processing of animal protein worldwide. The company trades in beef, pork, chicken, poultry, fish, and lamb products; cooked frozen meat; plant based products; and other food products. It produces and commercializes leather, steel cans, plastic resin, personal care and cleaning products, and collagen, as well as wet blue leather, semi-finished, and finished leather products.