Short Interest in Japan Airlines Ltd (OTCMKTS:JAPSY) Increases By 276.2%

Key Points

• Short interest in Japan Airlines Ltd (OTCMKTS:JAPSY) surged by 276.2% in July, rising to a total of 48,900 shares from 13,000 shares in June.
• The company's stock price recently traded at $10.10, showing a market cap of $8.82 billion and a price-to-earnings ratio of 10.98.
• Japan Airlines reported $0.21 earnings per share for its last quarterly earnings, exceeding revenue expectations with $3.26 billion compared to the consensus estimate of $3.20 billion.

Japan Airlines Ltd (OTCMKTS:JAPSY - Get Free Report) was the recipient of a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 48,900 shares, agrowthof276.2% from the June 30th total of 13,000 shares. Based on an average daily trading volume, of 52,300 shares, the days-to-cover ratio is presently 0.9 days. Based on an average daily trading volume, of 52,300 shares, the days-to-cover ratio is presently 0.9 days.

Japan Airlines Price Performance

JAPSY traded up $0.19 on Friday, hitting $10.10. 14,693 shares of the company's stock traded hands, compared to its average volume of 22,078. The company's 50 day simple moving average is $9.96 and its 200-day simple moving average is $9.13. The firm has a market cap of $8.82 billion, a price-to-earnings ratio of 10.98 and a beta of 0.56. Japan Airlines has a one year low of $7.27 and a one year high of $10.44. The company has a current ratio of 1.31, a quick ratio of 1.25 and a debt-to-equity ratio of 0.79.

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.