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Short Interest in Recruit Holdings Co., Ltd. (OTCMKTS:RCRUY) Rises By 333.1%

Recruit logo with Business Services background

Key Points

  • Short interest in Recruit Holdings Co., Ltd. surged by 333.1% in September, reaching a total of 214,400 shares compared to just 49,500 shares on September 15th.
  • Recruit's shares traded down 1.8% to $9.98, with a market capitalization of $78.04 billion and a price-to-earnings ratio of 11.74.
  • Goldman Sachs upgraded Recruit from a "hold" to a "buy" rating, with analysts giving it a consensus "Buy" rating.
  • MarketBeat previews the top five stocks to own by November 1st.

Recruit Holdings Co., Ltd. (OTCMKTS:RCRUY - Get Free Report) was the recipient of a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 214,400 shares, a growth of 333.1% from the September 15th total of 49,500 shares. Based on an average daily trading volume, of 1,032,500 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily trading volume, of 1,032,500 shares, the days-to-cover ratio is currently 0.2 days.

Recruit Trading Down 1.8%

Shares of OTCMKTS RCRUY traded down $0.18 during mid-day trading on Friday, reaching $9.98. 439,174 shares of the company's stock were exchanged, compared to its average volume of 589,749. The firm has a market capitalization of $78.04 billion, a price-to-earnings ratio of 11.74 and a beta of 1.60. Recruit has a twelve month low of $8.95 and a twelve month high of $15.97. The business has a fifty day simple moving average of $11.22 and a 200 day simple moving average of $11.21.

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

Analysts Set New Price Targets

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

View Our Latest Stock Analysis on RCRUY

Recruit Company Profile

(Get Free Report)

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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