Nomura Research Institute (OTCMKTS:NRILY) Sees Significant Increase in Short Interest

Key Points

• Short interest surged 405.5% to 13,420 shares as of October 15, up from 2,655 shares at the end of September. Despite the increase, short interest represented 0.0% of shares outstanding, with a short-interest ratio of 0.4 days.
• Analyst sentiment improved after Zacks Research upgraded Nomura Research Institute from “strong sell” to “hold.” Overall, the stock carries a “Moderate Buy” average rating, based on one Strong Buy and two Hold ratings.
• Shares opened at $39.92, near the company’s 12-month high of $42.93, while the stock trades at a high price-to-earnings ratio of 170.75. In its latest quarter, the company reported $0.32 in earnings per share, below the $0.34 analyst consensus.

Nomura Research Institute (OTCMKTS:NRILY - Get Free Report) saw a significant growth in short interest in October. As of October 15th, there was short interest totaling 13,420 shares, a growth of 405.5% from the September 30th total of 2,655 shares. Based on an average trading volume of 34,507 shares, the short-interest ratio is currently 0.4 days. Currently, 0.0% of the shares of the company are short sold.

Analysts Set New Price Targets

Separately, Zacks Research raised Nomura Research Institute from a "strong sell" rating to a "hold" rating in a report on Friday, October 16th. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Nomura Research Institute presently has an average rating of "Moderate Buy".

Nomura Research Institute Stock Performance

Shares of Nomura Research Institute stock opened at $39.92 on Tuesday. The firm's fifty day simple moving average is $33.41 and its 200-day simple moving average is $30.62. Nomura Research Institute has a 12 month low of $22.73 and a 12 month high of $42.93. The stock has a market capitalization of $22.41 billion, a price-to-earnings ratio of 170.75 and a beta of 0.75. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.62 and a quick ratio of 1.62.

Nomura Research Institute (OTCMKTS:NRILY - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The company reported $0.32 earnings per share for the quarter, missing analysts' consensus estimates of $0.34 by ($0.02). Nomura Research Institute had a return on equity of 4.38% and a net margin of 2.41%. The business had revenue of $1.32 billion for the quarter, compared to analyst estimates of $206.14 billion. As a group, equities analysts forecast that Nomura Research Institute will post 1.38 earnings per share for the current year.

About Nomura Research Institute

Nomura Research Institute, Ltd. (NRI) is a Japan-based consulting and information technology services company. It provides management consulting, technology consulting, systems integration, and digital transformation services to corporations, financial institutions, and government organizations.

NRI develops and operates technology platforms and business systems for sectors including securities, banking, insurance, retail, manufacturing, and public services. Its offerings include application development, cloud and data-center services, cybersecurity, information management, and managed technology operations.

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