Short Interest in Recruit Holdings Co., Ltd. (OTCMKTS:RCRUY) Grows By 57.9%

Key Points

• Short interest in Recruit Holdings Co., Ltd. increased by 57.9% in August, totaling 176,700 shares.
• As of August 5th, the company reported $0.58 earnings per share with revenue of $6.08 billion, slightly below analyst expectations.
• Goldman Sachs upgraded Recruit from a "hold" rating to a "buy" rating, contributing to a consensus rating of "buy" among analysts.

Recruit Holdings Co., Ltd. (OTCMKTS:RCRUY - Get Free Report) was the target of a large increase in short interest in the month of August. As of August 15th, there was short interest totaling 176,700 shares, anincreaseof57.9% from the July 31st total of 111,900 shares. Based on an average daily volume of 529,100 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily volume of 529,100 shares, the days-to-cover ratio is presently 0.3 days.

Recruit Stock Down 2.1%

OTCMKTS:RCRUY opened at $11.31 on Friday. The stock has a market cap of $88.44 billion, a P/E ratio of 13.31 and a beta of 1.58. Recruit has a twelve month low of $8.95 and a twelve month high of $15.97. The business's 50-day moving average price is $11.63 and its two-hundred day moving average price is $11.38.

Recruit (OTCMKTS:RCRUY - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.58 earnings per share for the quarter. The company had revenue of $6.08 billion for the quarter, compared to analysts' expectations of $6.13 billion. Recruit had a return on equity of 26.14% and a net margin of 12.00%. On average, equities research analysts expect that Recruit will post 0.36 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group upgraded Recruit from a "hold" rating to a "buy" rating in a research note on Sunday, July 27th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy".

About Recruit

Recruit Holdings Co, Ltd. provides HR technology and business solutions that transforms the world of work. It operates through three segments: HR Technology, Matching & Solutions, and Staffing. The HR Technology segment provides various technological solutions that help job seekers and employers in navigating hiring and recruitment.

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