Jbs S.A. (OTCMKTS:JBSAY) Sees Large Increase in Short Interest

Jbs S.A. (OTCMKTS:JBSAY) saw a large increase in short interest in the month of November. As of November 15th, there was short interest totalling 39,100 shares, an increase of 19,450.0% from the October 31st total of 200 shares. Based on an average daily trading volume, of 157,600 shares, the days-to-cover ratio is currently 0.2 days.

JBS Stock Performance

Shares of OTCMKTS JBSAY traded up $0.23 during trading on Wednesday, hitting $12.08. 37,638 shares of the company traded hands, compared to its average volume of 58,943. The business’s fifty day moving average is $12.01 and its 200 day moving average is $11.77. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.47 and a quick ratio of 0.85. JBS has a fifty-two week low of $8.17 and a fifty-two week high of $14.22.

JBS Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Tuesday, November 26th will be issued a $0.3468 dividend. The ex-dividend date is Tuesday, November 26th. This represents a $1.39 annualized dividend and a yield of 11.48%. JBS’s payout ratio is currently 57.26%.

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.