Seven and I Holdings Co. (OTCMKTS:SVNDY) Sees Significant Decline in Short Interest

Key Points

• Short interest in Seven & I Holdings plunged 69% in July, falling to 98,563 shares as of July 15 from 318,144 at the end of June. The stock now has essentially no short position relative to its float and a very low days-to-cover ratio of 0.2 days.
• Analysts remain cautious, with recent rating actions from Sanford C. Bernstein and Zacks Research both moving the stock to Hold. MarketBeat notes that the company now has an average analyst rating of Hold.
• The stock rose 4.5% and opened at $13.12, near its 50-day moving average of $12.12 and slightly above its 200-day average of $13.01. The company also beat quarterly EPS expectations, reporting $0.21 versus the $0.10 consensus.

Seven and I Holdings Co. (OTCMKTS:SVNDY - Get Free Report) saw a significant drop in short interest during the month of July. As of July 15th, there was short interest totaling 98,563 shares, a drop of 69.0% from the June 30th total of 318,144 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 650,595 shares, the days-to-cover ratio is presently 0.2 days.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Sanford C. Bernstein raised Seven and I to a "hold" rating in a report on Tuesday, May 26th. Zacks Research upgraded Seven and I to a "hold" rating in a research note on Tuesday, June 16th. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Seven and I has an average rating of "Hold".

Seven and I Trading Up 4.5%

OTCMKTS SVNDY opened at $13.12 on Friday. The firm's fifty day moving average is $12.12 and its two-hundred day moving average is $13.01. Seven and I has a one year low of $11.21 and a one year high of $15.65. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.67 and a current ratio of 0.94. The firm has a market cap of $31.24 billion, a PE ratio of 15.81 and a beta of 0.30.

Seven and I (OTCMKTS:SVNDY - Get Free Report) last announced its earnings results on Thursday, July 9th. The company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.11. Seven and I had a net margin of 3.03% and a return on equity of 7.87%. The business had revenue of $14.65 billion during the quarter, compared to the consensus estimate of $14.97 billion. Analysts expect that Seven and I will post 0.77 earnings per share for the current year.

Seven and I Company Profile

Seven & I Holdings Co, Ltd. is a Tokyo-based diversified retail holding company best known for its convenience store operations under the 7-Eleven banner. Established as a holding company in 2005 through the reorganization of legacy retail businesses, Seven & I groups a portfolio of retail and service businesses including convenience stores, supermarkets, department stores, foodservice operations, and financial services.

The company's core activity is the development and franchising of convenience stores that offer a mix of prepared foods, grocery items, daily necessities and quick-service retail products.

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