West Japan Railway (OTCMKTS:WJRYY) Sees Significant Drop in Short Interest

Key Points

• Short interest fell 92.8% to 2,693 shares as of October 15, down from 37,264 shares on September 30. The stock’s days-to-cover ratio dropped to 0.1 days, with virtually no shares short.
• Zacks Research upgraded West Japan Railway to “strong buy” from “hold,” giving the company an average analyst rating of “Strong Buy.”
• West Japan Railway reported quarterly EPS of $0.53, beating estimates of $0.47, while revenue of $2.69 billion also exceeded expectations. Shares recently traded at $20.09, up from a 52-week low of $15.08 but below the $23.85 high.

West Japan Railway (OTCMKTS:WJRYY - Get Free Report) was the target of a significant decline in short interest in October. As of October 15th, there was short interest totaling 2,693 shares, a decline of 92.8% from the September 30th total of 37,264 shares. Based on an average trading volume of 39,719 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company's stock are short sold.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of West Japan Railway from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, September 29th. One equities research analyst has rated the stock with a Strong Buy rating. According to MarketBeat, the stock currently has an average rating of "Strong Buy".

West Japan Railway Price Performance

Shares of WJRYY stock traded up $0.36 on Monday, hitting $20.09. 5,915 shares of the stock traded hands, compared to its average volume of 16,679. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.12 and a quick ratio of 0.74. West Japan Railway has a 52 week low of $15.08 and a 52 week high of $23.85. The firm has a 50 day simple moving average of $18.94 and a two-hundred day simple moving average of $18.90. The firm has a market cap of $9.15 billion, a price-to-earnings ratio of 12.03 and a beta of 0.09.

West Japan Railway (OTCMKTS:WJRYY - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.06. The firm had revenue of $2.69 billion for the quarter, compared to analysts' expectations of $2.66 billion. West Japan Railway had a net margin of 6.41% and a return on equity of 9.37%. West Japan Railway has set its FY 2027 guidance at 1.401-1.401 EPS. As a group, equities research analysts predict that West Japan Railway will post 1.43 earnings per share for the current fiscal year.

About West Japan Railway

West Japan Railway Company, also known as JR West, operates passenger railway services primarily across western Japan. Its network serves major urban and regional markets in the Kansai, Chugoku, Hokuriku, and other parts of western Honshu, connecting cities such as Osaka, Kyoto, Kobe, Hiroshima, and Kanazawa. The company operates conventional rail lines as well as high-speed Shinkansen services, including the Sanyo Shinkansen.

In addition to railway transportation, JR West provides related services such as station operations, bus transportation, and travel services.

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