Short Interest in Nippon Yusen Kabushiki Kaisha (OTCMKTS:NPNYY) Declines By 93.0%

Key Points

• The short interest in Nippon Yusen Kabushiki Kaisha fell by 93.0% in August, with only 5,900 shares reported compared to 84,200 shares in July.
• The company's stock price increased by 2.5% to $7.40, supported by a notable trading volume of 270,231 shares.
• Nippon Yusen Kabushiki Kaisha reported earnings of $0.14 EPS for the quarter, with a net margin of 16.48% and revenue of $4.16 billion.

Nippon Yusen Kabushiki Kaisha (OTCMKTS:NPNYY - Get Free Report) was the recipient of a large decline in short interest in August. As of August 15th, there was short interest totaling 5,900 shares, adeclineof93.0% from the July 31st total of 84,200 shares. Based on an average trading volume of 70,700 shares, the days-to-cover ratio is currently 0.1 days. Based on an average trading volume of 70,700 shares, the days-to-cover ratio is currently 0.1 days.

Nippon Yusen Kabushiki Kaisha Stock Up 2.5%

Nippon Yusen Kabushiki Kaisha stock traded up $0.18 during trading on Tuesday, reaching $7.40. The stock had a trading volume of 270,231 shares, compared to its average volume of 24,251. The stock has a market cap of $16.06 billion, a PE ratio of 6.12 and a beta of 1.08. The company has a quick ratio of 1.21, a current ratio of 1.33 and a debt-to-equity ratio of 0.22. Nippon Yusen Kabushiki Kaisha has a 52-week low of $5.68 and a 52-week high of $7.58. The business has a 50 day moving average price of $7.17 and a 200 day moving average price of $6.99.

Nippon Yusen Kabushiki Kaisha (OTCMKTS:NPNYY - Get Free Report) last announced its earnings results on Tuesday, August 5th. The company reported $0.14 EPS for the quarter. Nippon Yusen Kabushiki Kaisha had a net margin of 16.48% and a return on equity of 13.54%. The business had revenue of $4.16 billion for the quarter.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group raised shares of Nippon Yusen Kabushiki Kaisha to a "hold" rating in a report on Tuesday, June 24th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company has a consensus rating of "Hold".

Nippon Yusen Kabushiki Kaisha Company Profile

Nippon Yusen Kabushiki Kaisha provides various logistics services worldwide. It operates through Liner & Logistics Business, Bulk Shipping Business, and Other Business segments. The company offers liner trading services, such as container shipping, and terminal and stevedoring services for containerships, car carriers, and cruise ships; and air cargo transportation services.

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