Short Interest in Horiba Ltd. (OTCMKTS:HRIBF) Declines By 24.3%

Key Points

• Short interest in Horiba Ltd. decreased by 24.3% in August, down to 51,100 shares from 67,500 shares, indicating reduced bearish sentiment among investors.
• Horiba reported a quarterly earnings per share (EPS) of $1.27, exceeding the consensus estimate of $1.05, and generated revenues of $534.76 million, slightly above analyst expectations.
• As of the latest trading session, Horiba's stock price remained flat at $74.00, with a market capitalization of $3.10 billion and a PE ratio of 12.89.

Horiba Ltd. (OTCMKTS:HRIBF - Get Free Report) was the target of a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 51,100 shares, a decline of 24.3% from the August 15th total of 67,500 shares. Based on an average trading volume of 300 shares, the days-to-cover ratio is presently 170.3 days. Currently, 0.1% of the shares of the stock are short sold. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 300 shares, the days-to-cover ratio is presently 170.3 days.

Horiba Stock Performance

OTCMKTS:HRIBF remained flat at $74.00 during trading hours on Friday. The firm has a market capitalization of $3.10 billion, a PE ratio of 12.89 and a beta of 0.22. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.37 and a current ratio of 3.38. The stock has a fifty day moving average of $67.34 and a 200-day moving average of $63.22. Horiba has a 12 month low of $73.11 and a 12 month high of $76.87.

Horiba (OTCMKTS:HRIBF - Get Free Report) last released its earnings results on Tuesday, August 12th. The company reported $1.27 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.22. Horiba had a return on equity of 12.26% and a net margin of 11.19%.The firm had revenue of $534.76 million for the quarter, compared to the consensus estimate of $533.30 million.

Horiba Company Profile

HORIBA, Ltd. manufactures and sells instruments and systems worldwide. The company operates in five segments: Automotive, Environment/Process, Medical, Semiconductor, and Scientific. The Automotive segment offers engine emission measurement devices; in-use vehicle emission measurement devices; on-board emission measurement devices; in-vehicle exhaust gas measuring devices; driveline test systems; engine test systems; brake test systems; fuel cell test devices; battery test devices; and vehicle development engineering and test engineering services, as well as leases and manages research and development facilities.