Horiba Ltd. (OTCMKTS:HRIBF) Short Interest Update

Key Points

• The short interest in Horiba Ltd. has decreased significantly by 73.2% in September, dropping from 51,100 shares to 13,700 shares.
• Horiba reported earnings of $1.27 per share for the last quarter, exceeding analyst expectations of $1.05.
• The company's stock is currently trading at around $74.00, with a market capitalization of $3.10 billion.

Horiba Ltd. (OTCMKTS:HRIBF - Get Free Report) was the target of a significant decline in short interest in the month of September. As of September 15th, there was short interest totaling 13,700 shares, a decline of 73.2% from the August 31st total of 51,100 shares. Based on an average daily volume of 100 shares, the short-interest ratio is currently 137.0 days. Based on an average daily volume of 100 shares, the short-interest ratio is currently 137.0 days.

Horiba Stock Performance

Shares of Horiba stock opened at $74.00 on Wednesday. Horiba has a 52-week low of $73.11 and a 52-week high of $76.87. 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 current ratio of 3.38 and a quick ratio of 2.37. The company's fifty day moving average price is $69.17 and its two-hundred day moving average price is $63.85.

Horiba (OTCMKTS:HRIBF - Get Free Report) last issued 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 net margin of 11.19% and a return on equity of 12.26%. The business had revenue of $534.76 million for the quarter, compared to analyst estimates 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.

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