Short Interest in Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY) Expands By 1,133.3%

Key Points

• Kawasaki Heavy Industries Ltd. experienced a dramatic increase in short interest, rising by 1,133.3% in August, totaling 40,700 shares by August 31st.
• The company's stock price rose by 2.6%, reaching $25.35, while it has a 12-month trading range between $12.60 and $33.73.
• Kawasaki reported disappointing earnings of $0.07 per share for the last quarter, falling short of expectations of $0.33, with revenues of $3.31 billion.

Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY - Get Free Report) was the target of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 40,700 shares, a growth of 1,133.3% from the August 15th total of 3,300 shares. Approximately 0.0% of the company's shares are sold short. Based on an average daily volume of 74,900 shares, the short-interest ratio is currently 0.5 days. Based on an average daily volume of 74,900 shares, the short-interest ratio is currently 0.5 days. Approximately 0.0% of the company's shares are sold short.

Kawasaki Heavy Industries Stock Up 2.6%

OTCMKTS:KWHIY traded up $0.65 during midday trading on Thursday, reaching $25.35. 14,962 shares of the stock traded hands, compared to its average volume of 33,952. Kawasaki Heavy Industries has a 12-month low of $12.60 and a 12-month high of $33.73. The stock has a market capitalization of $10.62 billion, a PE ratio of 20.95 and a beta of 0.88. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.67 and a current ratio of 1.14. The business has a 50-day moving average of $27.44 and a two-hundred day moving average of $25.75.

Kawasaki Heavy Industries (OTCMKTS:KWHIY - Get Free Report) last announced its earnings results on Wednesday, August 6th. The industrial products company reported $0.07 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.33 by ($0.26). The business had revenue of $3.31 billion for the quarter, compared to analysts' expectations of $460 billion. Kawasaki Heavy Industries had a net margin of 3.49% and a return on equity of 10.50%.

Analyst Upgrades and Downgrades

Separately, CLSA upgraded Kawasaki Heavy Industries to a "hold" rating in a research note on Thursday, June 19th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy".

Kawasaki Heavy Industries Company Profile

Kawasaki Heavy Industries, Ltd. engages in aerospace systems, energy solution and marine engineering, precision machinery and robot, rolling stock, and motorcycle and engine businesses in Japan and internationally. It manufactures aircraft for the Japan ministry of defense; helicopters; and helicopter and jet engines for commercial aircrafts.

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