Nippon Yusen Kabushiki Kaisha (OTCMKTS:NPNYY) Sees Significant Drop in Short Interest

Key Points

• Nippon Yusen Kabushiki Kaisha experienced a notable drop in short interest, decreasing by 34.3% from 13,400 to 8,800 shares as of September 30th.
• The company's stock is currently trading at $6.71, with a market capitalization of $14.55 billion and a P/E ratio of 5.32.
• Goldman Sachs recently upgraded Nippon Yusen Kabushiki Kaisha to a "hold" rating, with the stock currently holding an average rating of "Hold" from analysts.

Nippon Yusen Kabushiki Kaisha (OTCMKTS:NPNYY - Get Free Report) was the target of a large drop in short interest during the month of September. As of September 30th, there was short interest totaling 8,800 shares, a drop of 34.3% from the September 15th total of 13,400 shares. Based on an average trading volume of 48,100 shares, the days-to-cover ratio is currently 0.2 days. Based on an average trading volume of 48,100 shares, the days-to-cover ratio is currently 0.2 days.

Nippon Yusen Kabushiki Kaisha Stock Performance

NPNYY traded down $0.02 during trading on Wednesday, hitting $6.71. 1,483 shares of the stock were exchanged, compared to its average volume of 38,110. Nippon Yusen Kabushiki Kaisha has a 1-year low of $5.68 and a 1-year high of $7.62. The company has a quick ratio of 1.44, a current ratio of 1.55 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $14.55 billion, a P/E ratio of 5.32 and a beta of 1.12. The stock has a fifty day moving average price of $7.09 and a two-hundred day moving average price of $7.00.

Nippon Yusen Kabushiki Kaisha (OTCMKTS:NPNYY - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.14 earnings per share (EPS) for the quarter. Nippon Yusen Kabushiki Kaisha had a return on equity of 13.49% and a net margin of 16.48%.The company had revenue of $4.16 billion during the quarter.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group raised Nippon Yusen Kabushiki Kaisha to a "hold" rating in a research report on Tuesday, June 24th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Nippon Yusen Kabushiki Kaisha presently has an average rating of "Hold".

About Nippon Yusen Kabushiki Kaisha

Nippon Yusen Kabushiki Kaisha provides various logistics services worldwide. It operates through Liner & Logistics Business, Bulk Shipping Business, and Other Business segments. The company offers liner trading services, such as container shipping, and terminal and stevedoring services for containerships, car carriers, and cruise ships; and air cargo transportation services.

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