Short Interest in Dai Nippon Printing Co. (OTCMKTS:DNPLY) Declines By 71.4%

Key Points

• Short interest plunged 71.4% to 969 shares as of March 13 (from 3,386 on Feb 26), leaving a short-interest ratio of 0.1 days and effectively 0.0% of shares sold short.
• Analyst view: Goldman Sachs raised Dai Nippon Printing to a Hold on March 2, and MarketBeat shows a consensus Hold rating (based on one analyst).
• Price and fundamentals: The stock traded at $8.88 (down $0.33) with a $9.31 billion market cap and P/E of 14.10; last quarter EPS was $0.19 on $2.53 billion revenue, with ROE 8.99% and net margin 5.39%.

Dai Nippon Printing Co. (OTCMKTS:DNPLY - Get Free Report) saw a large drop in short interest during the month of March. As of March 13th, there was short interest totaling 969 shares, a drop of 71.4% from the February 26th total of 3,386 shares. Based on an average daily volume of 7,939 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are sold short. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 7,939 shares, the short-interest ratio is presently 0.1 days.

Analyst Ratings Changes

Separately, The Goldman Sachs Group raised shares of Dai Nippon Printing to a "hold" rating in a research note on Monday, March 2nd. One analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has a consensus rating of "Hold".

Dai Nippon Printing Price Performance

OTCMKTS:DNPLY traded down $0.33 during mid-day trading on Wednesday, reaching $8.88. The stock had a trading volume of 347 shares, compared to its average volume of 5,317. The stock has a market capitalization of $9.31 billion, a P/E ratio of 14.10 and a beta of 0.53. The firm has a 50 day moving average price of $9.58 and a two-hundred day moving average price of $8.90. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.77 and a current ratio of 2.23. Dai Nippon Printing has a one year low of $6.07 and a one year high of $10.66.

Dai Nippon Printing (OTCMKTS:DNPLY - Get Free Report) last released its quarterly earnings data on Friday, February 13th. The company reported $0.19 EPS for the quarter. Dai Nippon Printing had a return on equity of 8.99% and a net margin of 5.39%.The firm had revenue of $2.53 billion for the quarter.

About Dai Nippon Printing

Dai Nippon Printing Co, Ltd. OTCMKTS: DNPLY, commonly known as DNP, is one of Japan’s largest comprehensive printing companies. Established in 1876 and headquartered in Tokyo, the company has built a legacy in traditional and digital printing, offering a broad spectrum of paper-based and value-added services. Over its long history, DNP has evolved from newspaper and book printing to becoming a diversified provider of information, communication and functional materials.

DNP’s business is organized into several key segments.

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