Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY) Short Interest Down 74.1% in July

Key Points

• Short interest plunged 74.1% in July to 35,676 shares, representing approximately 0.0% of Kawasaki Heavy Industries’ outstanding shares and just 0.1 days to cover.
• The stock traded near $7.09, with a market capitalization of $15.56 billion and a 52-week range of $4.67 to $9.73. Its two-hundred-day moving average was significantly higher at $19.91.
• Kawasaki reported quarterly revenue of $3.44 billion, above estimates, but earnings per share of $0.05 missed consensus by $0.02. Analysts maintain a consensus “Hold” rating after Goldman Sachs downgraded the stock to neutral.

Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY - Get Free Report) was the recipient of a large decrease in short interest in the month of July. As of July 31st, there was short interest totaling 35,676 shares, a decrease of 74.1% from the July 15th total of 137,941 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 705,628 shares, the days-to-cover ratio is currently 0.1 days.

Kawasaki Heavy Industries Price Performance

Shares of OTCMKTS KWHIY traded up $0.07 during midday trading on Thursday, reaching $7.09. The company's stock had a trading volume of 161,439 shares, compared to its average volume of 279,163. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.73 and a current ratio of 1.15. The company has a market cap of $15.56 billion, a P/E ratio of 27.29 and a beta of 0.75. The business's 50 day moving average price is $7.07 and its two-hundred day moving average price is $19.91. Kawasaki Heavy Industries has a fifty-two week low of $4.67 and a fifty-two week high of $9.73.

Kawasaki Heavy Industries (OTCMKTS:KWHIY - Get Free Report) last issued its quarterly earnings results on Friday, August 7th. The industrial products company reported $0.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.07 by ($0.02). Kawasaki Heavy Industries had a return on equity of 13.40% and a net margin of 4.74%.The company had revenue of $3.44 billion for the quarter, compared to analyst estimates of $3.33 billion.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group cut Kawasaki Heavy Industries from a "buy" rating to a "neutral" rating in a report on Tuesday, May 12th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Kawasaki Heavy Industries currently has a consensus rating of "Hold".

Kawasaki Heavy Industries Company Profile

Kawasaki Heavy Industries, Ltd. OTCMKTS: KWHIY is a diversified Japanese conglomerate with core operations in shipbuilding, rolling stock, industrial machinery, aerospace and energy systems. The company traces its roots to 1896 when founder Shozo Kawasaki established a shipyard in Kobe, Japan. Today, the firm is headquartered in Kobe and Tokyo and is recognized as one of the world's leading manufacturers of heavy equipment and engineering solutions.

In its marine division, Kawasaki Heavy Industries designs and constructs a broad range of vessels including LNG carriers, container ships and offshore support platforms.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source