Short Interest in Central Japan Railway Co. (OTCMKTS:CJPRY) Expands By 111.6%

Key Points

• Short interest in Central Japan Railway Co. (OTCMKTS:CJPRY) surged by 111.6% in September, rising to a total of 85,900 shares.
• The company's quarterly earnings surpassed analysts' estimates, reporting $0.51 earnings per share against a consensus of $0.45.
• Shares opened on Monday at $14.08 with a market cap of $27.71 billion, indicating a strong valuation amidst recent trading activity.

Central Japan Railway Co. (OTCMKTS:CJPRY - Get Free Report) was the recipient of a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 85,900 shares, an increase of 111.6% from the September 15th total of 40,600 shares. Based on an average daily trading volume, of 60,100 shares, the days-to-cover ratio is currently 1.4 days. Based on an average daily trading volume, of 60,100 shares, the days-to-cover ratio is currently 1.4 days.

Central Japan Railway Price Performance

Shares of OTCMKTS:CJPRY opened at $14.08 on Monday. The company has a market cap of $27.71 billion, a P/E ratio of 8.53 and a beta of 0.34. The business has a fifty day simple moving average of $13.79 and a 200-day simple moving average of $11.89. Central Japan Railway has a 52 week low of $8.74 and a 52 week high of $14.88. The company has a quick ratio of 2.84, a current ratio of 2.91 and a debt-to-equity ratio of 0.98.

Central Japan Railway (OTCMKTS:CJPRY - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $0.51 earnings per share for the quarter, topping analysts' consensus estimates of $0.45 by $0.06. The company had revenue of $3.23 billion for the quarter, compared to the consensus estimate of $3.13 billion. Central Japan Railway had a net margin of 21.00% and a return on equity of 10.60%. Equities research analysts forecast that Central Japan Railway will post 1.35 EPS for the current year.

Central Japan Railway Company Profile

Central Japan Railway Company engages in the railway and related businesses in Japan. The company operates through Transportation, Merchandise and Other, Real Estate, and Other segments. It primarily operates Tokaido Shinkansen, a transportation artery that links metropolitan areas of Tokyo, Nagoya, and Osaka, as well as a network of 12 conventional lines centered on the Nagoya and Shizuoka areas.

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