Jumei International Holding Limited (JMEI) : Traders are negative on Jumei International Holding Limited (JMEI), as it has 1.8% of short positions outstanding compared to its float. The total shorts have reduced by -258,746 shares, which is a -18.4% reduction. From Jul 29, 2016, to August 15, 2016, the shorts came down from,1,403,351 to 1,144,605 shares. While the daily trading volume of the stock is 781,742, there are 1 days remaining to cover the open short positions. The short interest indicates that the traders dont see a large downside in the stock from the current levels. The short interest information was released on Wednesday Aug 24th after the market close.
Jumei International Holding Limited (NYSE:JMEI): The stock opened at $4.75 on Wednesday but the bulls could not build on the opening and the stock topped out at $4.81 for the day. The stock traded down to $4.69 during the day, due to lack of any buying support eventually closed down at $4.71 with a loss of -0.21% for the day. The stock had closed at $4.72 on the previous day. The total traded volume was 285,402 shares.
Jumei International Holding Limited is an online retailer of beauty products. The Company has two complementary sales formats on its Internet platform for beauty products: curated sales and online shopping mall through which it sells beauty products directly to customers. As part of curated sales, its Jumei Global offers Chinese consumers access to beauty products sourced directly from overseas and allows its consumers to make payments in Renminbi. In addition to curated sales, it also sells a selection of branded beauty products in its online shopping mall. In addition to beauty products, the Company offers apparel and other lifestyle products sold by third-party merchants. The Companys flash sales format features virtual stores of selected third-party merchants, offering apparel and accessories, footwear, handbags and luggage, baby, children and maternity products, as well as home goods and other lifestyle products at discounts.