Short Interest in Tokio Marine Holdings Inc. (OTCMKTS:TKOMY) Decreases By 42.3%

Key Points

• Short interest in Tokio Marine Holdings Inc. (OTCMKTS:TKOMY) dropped by 42.3% in August, falling from 46,100 shares to 26,600 shares.
• The company's shares are currently down 1.2%, opening at $43.78, with a market capitalization of $84.67 billion.
• Several research analysts have downgraded Tokio Marine’s rating, with Wall Street Zen moving it from "strong-buy" to "buy" and Zacks Research downgrading it from "hold" to "strong sell".

Tokio Marine Holdings Inc. (OTCMKTS:TKOMY - Get Free Report) was the recipient of a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 26,600 shares, a drop of 42.3% from the August 15th total of 46,100 shares. Based on an average daily trading volume, of 195,400 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are short sold. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 195,400 shares, the days-to-cover ratio is presently 0.1 days.

Tokio Marine Stock Down 1.2%

Shares of TKOMY opened at $43.78 on Friday. The company has a market capitalization of $84.67 billion, a PE ratio of 12.03, a price-to-earnings-growth ratio of 0.78 and a beta of 0.27. The business's 50 day moving average is $42.17 and its 200 day moving average is $40.27. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.05. Tokio Marine has a 12-month low of $30.14 and a 12-month high of $46.23.

Tokio Marine (OTCMKTS:TKOMY - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The company reported $0.71 earnings per share for the quarter. The business had revenue of $13.32 billion during the quarter. Tokio Marine had a return on equity of 22.49% and a net margin of 13.45%. Research analysts expect that Tokio Marine will post 3.51 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Wall Street Zen downgraded Tokio Marine from a "strong-buy" rating to a "buy" rating in a research note on Saturday, September 6th. Nomura Securities raised Tokio Marine to a "hold" rating in a research note on Tuesday, June 3rd. Finally, Zacks Research downgraded Tokio Marine from a "hold" rating to a "strong sell" rating in a research note on Tuesday, August 26th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Tokio Marine presently has an average rating of "Reduce".

Tokio Marine Company Profile

Tokio Marine Holdings, Inc, together with its subsidiaries, engages in non-life and life insurance, international insurance, and financial and general businesses worldwide. The company provides business, fire, Internet and mobile, rental housing, and natural catastrophe risk insurance services, as well as insurance for retail and corporate fields.

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