Recruit Holdings Co., Ltd. (OTCMKTS:RCRUY) Short Interest Down 60.4% in August

Key Points

• Short interest in Recruit Holdings decreased by 60.4% in August, falling from 176,700 shares to 70,000, indicating a significant shift in investor sentiment.
• The company's stock price remained relatively stable at $11.40 with a market capitalization of $89.14 billion.
• Goldman Sachs upgraded Recruit's rating from "hold" to "buy," contributing to an overall average analyst rating of "buy" for the stock.

Recruit Holdings Co., Ltd. (OTCMKTS:RCRUY - Get Free Report) was the target of a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 70,000 shares, a drop of 60.4% from the August 15th total of 176,700 shares. Currently, 0.0% of the company's shares are short sold. Based on an average daily trading volume, of 559,000 shares, the short-interest ratio is presently 0.1 days. Based on an average daily trading volume, of 559,000 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company's shares are short sold.

Recruit Stock Performance

Recruit stock remained flat at $11.40 during trading on Friday. 188,617 shares of the company traded hands, compared to its average volume of 292,186. The stock has a market cap of $89.14 billion, a PE ratio of 13.41 and a beta of 1.58. The company has a fifty day simple moving average of $11.63 and a 200 day simple moving average of $11.34. Recruit has a 12-month low of $8.95 and a 12-month high of $15.97.

Recruit (OTCMKTS:RCRUY - Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported $0.58 EPS for the quarter. The firm had revenue of $6.08 billion for the quarter, compared to analysts' expectations of $6.13 billion. Recruit had a net margin of 12.00% and a return on equity of 26.14%. On average, equities analysts anticipate that Recruit will post 0.36 earnings per share for the current year.

Analyst Ratings Changes

Separately, The Goldman Sachs Group upgraded shares of Recruit from a "hold" rating to a "buy" rating in a report on Sunday, July 27th. One analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of "Buy".

About Recruit

Recruit Holdings Co, Ltd. provides HR technology and business solutions that transforms the world of work. It operates through three segments: HR Technology, Matching & Solutions, and Staffing. The HR Technology segment provides various technological solutions that help job seekers and employers in navigating hiring and recruitment.

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