Square Enix Holdings Co., Ltd. (OTCMKTS:SQNXF) Sees Large Increase in Short Interest

Key Points

• Square Enix Holdings experienced a significant increase in short interest, rising 186.4% from 482,700 shares to 1,382,500 shares as of September 30th.
• Analyst ratings for Square Enix were downgraded from "hold" to a "strong sell" by Sanford C. Bernstein, contributing to an overall average rating of "Sell."
• The company's last earnings report showed a miss on EPS forecast, reporting $0.29 compared to the consensus estimate of $0.44, and revenue of $410.28 million below expected figures.

Square Enix Holdings Co., Ltd. (OTCMKTS:SQNXF - Get Free Report) was the target of a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 1,382,500 shares, an increase of 186.4% from the September 15th total of 482,700 shares. Based on an average daily trading volume, of 200 shares, the days-to-cover ratio is currently 6,912.5 days. Based on an average daily trading volume, of 200 shares, the days-to-cover ratio is currently 6,912.5 days.

Analyst Upgrades and Downgrades

Separately, Sanford C. Bernstein lowered shares of Square Enix from a "hold" rating to a "strong sell" rating in a research report on Tuesday, September 30th. Two analysts have rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of "Sell".

Square Enix Price Performance

Square Enix stock remained flat at $20.20 during trading on Friday. The stock has a 50 day simple moving average of $54.93 and a 200 day simple moving average of $59.24. Square Enix has a 1-year low of $11.32 and a 1-year high of $26.07. The company has a market cap of $7.28 billion, a P/E ratio of 58.84 and a beta of 0.50.

Square Enix (OTCMKTS:SQNXF - Get Free Report) last released its quarterly earnings results on Friday, August 8th. The company reported $0.29 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.44 by ($0.15). Square Enix had a net margin of 5.92% and a return on equity of 5.88%. The company had revenue of $410.28 million during the quarter, compared to analyst estimates of $464.16 million. As a group, equities research analysts anticipate that Square Enix will post 1.71 earnings per share for the current fiscal year.

Square Enix Company Profile

Square Enix Holdings Co, Ltd. operates in the content and service businesses in Japan and internationally. It operates through Digital Entertainment Business, Amusement Business, Publishing Business, and Rights Property Business. The company plans, develops, sells, and manages digital entertainment content primarily in the form of computer games.

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.