Short Interest in Seven and I Holdings Co. (OTCMKTS:SVNDY) Drops By 31.4%

Key Points

• Short interest in Seven and I Holdings Co. has declined by 31.4% in September, dropping from 89,400 shares to 61,300 shares as of September 15th.
• The stock is currently rated as a "hold" by analysts, with Goldman Sachs recently upgrading its rating.
• Seven and I's stock price fell by 1.6% to $13.22, with a market cap of $34.43 billion and a PE ratio of 25.92.

Seven and I Holdings Co. (OTCMKTS:SVNDY - Get Free Report) was the recipient of a large drop in short interest in the month of September. As of September 15th, there was short interest totaling 61,300 shares, a drop of 31.4% from the August 31st total of 89,400 shares. Based on an average daily volume of 340,900 shares, the short-interest ratio is currently 0.2 days. Based on an average daily volume of 340,900 shares, the short-interest ratio is currently 0.2 days.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group upgraded Seven and I to a "hold" rating in a report on Tuesday, September 9th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold".

Seven and I Stock Down 1.6%

Seven and I stock traded down $0.22 during trading on Monday, reaching $13.22. The stock had a trading volume of 62,150 shares, compared to its average volume of 178,228. The company has a quick ratio of 0.73, a current ratio of 0.81 and a debt-to-equity ratio of 0.73. Seven and I has a 52-week low of $12.50 and a 52-week high of $19.88. The stock has a market cap of $34.43 billion, a PE ratio of 25.92 and a beta of 0.47. The business has a 50 day moving average price of $13.40 and a 200 day moving average price of $14.30.

Seven and I (OTCMKTS:SVNDY - Get Free Report) last announced its quarterly earnings data on Thursday, July 10th. The company reported $0.13 earnings per share for the quarter, beating analysts' consensus estimates of $0.11 by $0.02. The business had revenue of $18.96 billion for the quarter, compared to analyst estimates of $18.81 billion. Seven and I had a net margin of 1.65% and a return on equity of 6.49%. On average, analysts predict that Seven and I will post 0.77 EPS for the current 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.