Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY) Shares Shorted: Short Interest Up 1,416.0% in October

Key Points

• Short interest surged 1,416% in October to 73,147 shares, up from 4,825 shares at the end of September. Despite the sharp increase, short interest represents approximately 0.0% of outstanding shares, with a 0.1-day short-interest ratio.
• Kawasaki Heavy Industries shares were flat at $5.49, near the lower end of their $4.99–$9.73 one-year range. The stock trades below its 50-day and 200-day moving averages.
• The company reported quarterly EPS of $0.05, missing the $0.07 consensus estimate, while revenue of $3.44 billion exceeded expectations. Analysts maintain a consensus “Hold” rating.

Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY - Get Free Report) was the target of a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 73,147 shares, a growth of 1,416.0% from the September 30th total of 4,825 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 612,126 shares, the short-interest ratio is presently 0.1 days.

Kawasaki Heavy Industries Stock Performance

Shares of Kawasaki Heavy Industries stock remained flat at $5.49 on Monday. 628,770 shares of the stock traded hands, compared to its average volume of 363,571. The firm has a 50-day moving average of $6.07 and a 200-day moving average of $17.04. Kawasaki Heavy Industries has a 1-year low of $4.99 and a 1-year high of $9.73. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.16 and a quick ratio of 0.70.

Kawasaki Heavy Industries (OTCMKTS:KWHIY - Get Free Report) last released its earnings results on Friday, August 7th. The industrial products company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.02). The company had revenue of $3.44 billion for the quarter, compared to the consensus estimate of $3.33 billion.

Analysts Set New Price Targets

Separately, Sanford C. Bernstein started coverage on shares of Kawasaki Heavy Industries in a research note on Tuesday, September 15th. They issued a "hold" rating for the company. Three analysts have rated the stock with a Hold rating. According to data from MarketBeat.com, Kawasaki Heavy Industries currently has a consensus rating of "Hold".

Kawasaki Heavy Industries Company Profile

Kawasaki Heavy Industries, Ltd. is a Japanese industrial manufacturer with operations spanning transportation equipment, aerospace, energy and environmental systems, industrial machinery, and marine products. The company serves government, commercial, and industrial customers through a portfolio that includes ships, rail cars, aircraft and aerospace components, gas turbines, hydraulic equipment, industrial robots, and infrastructure systems.

Kawasaki is also associated with motorcycles and recreational products through its powersports business, which develops and sells motorcycles, all-terrain vehicles, utility vehicles, and related engines.

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