Seven and I Holdings Co. (OTCMKTS:SVNDY) Sees Significant Drop in Short Interest

Key Points

• Short interest in Seven and I Holdings Co. dropped by 33.2% in July, from 44,300 shares to 29,600 shares, reflecting a tightening of bearish sentiment.
• The company's quarterly earnings topped expectations, reporting $0.13 EPS compared to the estimated $0.11, with revenues of $18.96 billion exceeding analyst forecasts.
• Seven and I's stock is currently trading at $13.50, with a market cap of $35.16 billion and a P/E ratio of 26.47.

Seven and I Holdings Co. (OTCMKTS:SVNDY - Get Free Report) was the recipient of a significant decrease in short interest in July. As of July 31st, there was short interest totaling 29,600 shares, adecreaseof33.2% from the July 15th total of 44,300 shares. Based on an average daily trading volume, of 837,400 shares, the short-interest ratio is presently 0.0 days. Currently,0.0% of the shares of the company are sold short. Currently,0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 837,400 shares, the short-interest ratio is presently 0.0 days.

Seven and I Stock Performance

OTCMKTS SVNDY traded up $0.34 during mid-day trading on Friday, reaching $13.74. 98,989 shares of the stock were exchanged, compared to its average volume of 182,557. The business's 50 day moving average is $14.37 and its 200-day moving average is $14.67. Seven and I has a 1 year low of $12.50 and a 1 year high of $19.8750. The company has a market capitalization of $35.79 billion, a P/E ratio of 26.94 and a beta of 0.49. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.73 and a current ratio of 0.81.

Seven and I (OTCMKTS:SVNDY - Get Free Report) last announced its quarterly earnings results on Thursday, July 10th. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.11 by $0.02. Seven and I had a net margin of 1.65% and a return on equity of 6.49%. The firm had revenue of $18,962,688 billion for the quarter, compared to the consensus estimate of $18.81 billion. On average, equities research analysts forecast that Seven and I will post 0.77 EPS for the current fiscal year.

Seven and I Company Profile

Seven & i Holdings Co, Ltd. operates convenience stores, superstores, department stores, supermarkets, and specialty stores. It operates through six segments: Domestic Convenience Store operations, Overseas Convenience Store Operations, Superstore Operations, Department and Specialty Store Operations, Financial Services, and Others.