Will JPMorgan Indian Investment Trust plc Short Squeeze Soon?

 Will JPMorgan Indian Investment Trust plc Short Squeeze Soon?

The stock of JPMorgan Indian Investment Trust plc (LON:JII) is a huge mover today! The stock increased 0.78% or GBX 4.5 on November 22, hitting GBX 584.5. About 95,166 shares traded hands. JPMorgan Indian Investment Trust plc (LON:JII) has declined 1.44% since April 22, 2016 and is downtrending. It has underperformed by 5.99% the S&P500.
The move comes after 7 months negative chart setup for the GBX 612.85M company. It was reported on Nov, 22 by Barchart.com. We have GBX 566.97 PT which if reached, will make LON:JII worth GBX 18.39M less.

JPMorgan Indian Investment Trust plc is an investment holding company. The company has a market cap of 612.85 million GBP. The Company’s objective is to achieve capital growth from investments in India. It currently has negative earnings. The Firm is engaged in a segment of business of investing in equity and equity related securities of companies operating and generating revenue in India.

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