Ryohin Keikaku Co. Ltd. (OTCMKTS:RYKKY) Short Interest Up 833.3% in September

Key Points

• Ryohin Keikaku Co. Ltd. experienced a massive increase in short interest of 833.3% in September, with short interest rising from 300 shares to 2,800 shares.
• The company's stock received a downgrade from a "strong-buy" rating to a "hold" rating by Zacks Research as analysts project growth but remain cautious.
• Ryohin Keikaku's shares opened at $10.37, reflecting a volatile range with a 12-month low of $3.82 and a high of $12.81.

Ryohin Keikaku Co. Ltd. (OTCMKTS:RYKKY - Get Free Report) saw a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 2,800 shares, a growth of 833.3% from the August 31st total of 300 shares. Based on an average trading volume of 15,000 shares, the short-interest ratio is presently 0.2 days. Based on an average trading volume of 15,000 shares, the short-interest ratio is presently 0.2 days.

Wall Street Analysts Forecast Growth

Separately, Zacks Research cut shares of Ryohin Keikaku from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 14th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, Ryohin Keikaku currently has a consensus rating of "Hold".

Ryohin Keikaku Trading Down 3.3%

Shares of Ryohin Keikaku stock opened at $10.37 on Wednesday. Ryohin Keikaku has a 12-month low of $3.82 and a 12-month high of $12.81. The firm has a market capitalization of $11.65 billion and a price-to-earnings ratio of 0.07. The firm's 50 day simple moving average is $31.52 and its two-hundred day simple moving average is $34.84.

About Ryohin Keikaku

Ryohin Keikaku Co, Ltd. develops, manufactures, distributes, and sells apparel, household goods, and food items in Japan and internationally. It offers apparel products, comprising shirts, denim jeans, socks, sneakers, innerwear, sweaters, camisoles, cardigans, windbreakers, duffle coats, skirts, trousers, pajamas for adults and kids, maternity stoles, backpacks, handbags, case trolleys, hats, mufflers, gloves, stockings, umbrellas, slippers, sandals, and Japanese working clothes; household goods products, including towels, mattresses, toning water, skin care products, make-up tools, fragrance oils, aroma diffusers, air purifiers, stationary, storage boxes and cases, kitchenware, cutleries, refrigerators, toasters, kettles, juicers, mixers, coffee makers, rice cookers, cabinets, shelves, chairs, benches, sofas, beds, duvets, blankets, refillable bottles, baskets, buckets, cleaning tools, laundry supplies, emergency kits, reusable masks, clocks, flashlights, radios, speakers, extension cords, travel adapters, toys, and bicycles and tricycles; and food products, including retort pouch foods, baumkuchen banana, frying-pan-ready meal kits, butter chicken curry, cookies, crackers, canned foods, potato chips, seasonings, jams, soups, frozen foods, doughnuts, ice cream, coffee beans, sake, sparkling water, and apple juice, as well as houses.

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