Short Interest in Japan Airlines Ltd (OTCMKTS:JAPSY) Expands By 674.1%

Key Points

• Short interest in Japan Airlines Ltd (OTCMKTS:JAPSY) saw a dramatic increase of 674.1% in August, rising from 2,700 shares to 20,900 shares.
• Research firms Jefferies Financial Group and Zacks have both upgraded Japan Airlines to a strong-buy rating, reflecting positive analyst sentiment.
• Japan Airlines reported earnings of $0.21 per share for the last quarter, surpassing revenue estimates with $3.26 billion in total revenue.

Japan Airlines Ltd (OTCMKTS:JAPSY - Get Free Report) was the recipient of a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 20,900 shares, an increase of 674.1% from the August 15th total of 2,700 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 30,100 shares, the days-to-cover ratio is currently 0.7 days. Based on an average trading volume of 30,100 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.0% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

JAPSY has been the topic of several research reports. Jefferies Financial Group upgraded shares of Japan Airlines from a "hold" rating to a "strong-buy" rating in a research note on Monday. Zacks Research raised shares of Japan Airlines from a "hold" rating to a "strong-buy" rating in a research note on Friday, August 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, Based on data from MarketBeat, Japan Airlines presently has an average rating of "Strong Buy".

Japan Airlines Stock Performance

Shares of JAPSY traded up $0.01 during trading hours on Thursday, reaching $10.74. 3,797 shares of the company's stock traded hands, compared to its average volume of 37,245. Japan Airlines has a twelve month low of $7.48 and a twelve month high of $11.00. The business's fifty day simple moving average is $10.36 and its two-hundred day simple moving average is $9.60. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.31 and a quick ratio of 1.25. The firm has a market capitalization of $9.37 billion, a price-to-earnings ratio of 11.67 and a beta of 0.47.

Japan Airlines (OTCMKTS:JAPSY - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $0.21 earnings per share for the quarter. Japan Airlines had a net margin of 6.35% and a return on equity of 12.28%. The business had revenue of $3.26 billion during the quarter, compared to the consensus estimate of $3.20 billion. Analysts predict that Japan Airlines will post 0.8 earnings per share for the current year.

About Japan Airlines

Japan Airlines Co, Ltd., together with its subsidiaries, provides scheduled and non-scheduled air transport services in Japan, Asia, Oceania, North America, and Europe. The company operates through Air Transportation and Other segments. It offers passenger, ground handling, cargo and mail handling, and maintenance services.

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