Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY) Sees Significant Decrease in Short Interest

Key Points

• Kawasaki Heavy Industries experienced a 40.3% decline in short interest, dropping from 40,700 shares in August to 24,300 shares by mid-September.
• The company's shares traded down 1.2% to $25.19, with a market capitalization of $10.55 billion and a PE ratio of 20.82.
• Kawasaki's quarterly earnings report showed earnings per share (EPS) of $0.07, significantly below the analyst consensus estimate of $0.33.

Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY - Get Free Report) was the target of a large decline in short interest in the month of September. As of September 15th, there was short interest totaling 24,300 shares, a decline of 40.3% from the August 31st total of 40,700 shares. Based on an average trading volume of 66,900 shares, the short-interest ratio is currently 0.4 days. Based on an average trading volume of 66,900 shares, the short-interest ratio is currently 0.4 days.

Kawasaki Heavy Industries Stock Down 1.2%

Shares of OTCMKTS KWHIY traded down $0.30 during mid-day trading on Friday, hitting $25.19. The company had a trading volume of 25,657 shares, compared to its average volume of 39,005. The company has a market capitalization of $10.55 billion, a PE ratio of 20.82 and a beta of 0.88. The business's 50-day simple moving average is $26.65 and its 200 day simple moving average is $26.09. Kawasaki Heavy Industries has a 1-year low of $14.19 and a 1-year high of $33.73. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.14 and a quick ratio of 0.67.

Kawasaki Heavy Industries (OTCMKTS:KWHIY - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The industrial products company reported $0.07 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.33 by ($0.26). Kawasaki Heavy Industries had a net margin of 3.49% and a return on equity of 10.50%. The company had revenue of $3.31 billion during the quarter, compared to analyst estimates of $460 billion.

Wall Street Analysts Forecast Growth

Separately, CLSA upgraded shares of Kawasaki Heavy Industries to a "hold" rating in a report on Thursday, June 19th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of "Hold".

Kawasaki Heavy Industries Company Profile

Kawasaki Heavy Industries, Ltd. engages in aerospace systems, energy solution and marine engineering, precision machinery and robot, rolling stock, and motorcycle and engine businesses in Japan and internationally. It manufactures aircraft for the Japan ministry of defense; helicopters; and helicopter and jet engines for commercial aircrafts.

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