Nomura Research Institute (OTCMKTS:NRILY) Short Interest Update

Key Points

• Short interest surged 119.8% in March to 75,552 shares (up from 34,378 on March 15), with a days-to-cover ratio of about 0.3 days based on average volume.
• Analyst sentiment has improved recently — Jefferies upgraded to a "strong-buy" and Zacks moved to "hold," leaving an overall MarketBeat consensus of "Moderate Buy" (one Strong Buy, two Holds).
• Fundamentals: the stock opened at $27.57 with a $15.81B market cap and P/E of 22.41; last quarter EPS was $0.34 (beating $0.33), and the 52-week range is $22.73–$43.20.

Nomura Research Institute (OTCMKTS:NRILY - Get Free Report) was the recipient of a large growth in short interest during the month of March. As of March 31st, there was short interest totaling 75,552 shares, a growth of 119.8% from the March 15th total of 34,378 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 282,451 shares, the days-to-cover ratio is presently 0.3 days.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on NRILY shares. Zacks Research upgraded Nomura Research Institute from a "strong sell" rating to a "hold" rating in a research report on Monday, February 16th. Jefferies Financial Group upgraded Nomura Research Institute from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 18th. One analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy".

Nomura Research Institute Stock Down 1.1%

Shares of NRILY opened at $27.57 on Friday. The company has a market cap of $15.81 billion, a PE ratio of 22.41, a P/E/G ratio of 1.62 and a beta of 0.70. The business has a fifty day moving average of $26.93 and a 200 day moving average of $34.48. Nomura Research Institute has a 52-week low of $22.73 and a 52-week high of $43.20.

Nomura Research Institute (OTCMKTS:NRILY - Get Free Report) last issued its quarterly earnings results on Thursday, January 29th. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.33 by $0.01. The company had revenue of $1.33 billion during the quarter. Nomura Research Institute had a return on equity of 22.45% and a net margin of 13.17%. As a group, research analysts anticipate that Nomura Research Institute will post 1.04 earnings per share for the current fiscal year.

Nomura Research Institute Company Profile

Nomura Research Institute, Ltd. (NRI) is a Tokyo-based provider of management consulting and information technology services. Founded in 1965, the firm combines industry research, strategic advisory and systems development to help corporate and public-sector clients address complex business and technology challenges. NRI is known for integrating consulting insight with large-scale system integration, outsourcing and software solutions to support digital transformation initiatives.

NRI’s core activities include management and IT consulting, system integration, application development, and IT outsourcing.

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