The Japan Steel Works, Ltd. (OTCMKTS:JPSWY) Short Interest Update

Key Points

• Japan Steel Works experienced a notable 40% increase in short interest in August, with total short interest rising from 500 to 700 shares.
• The company's stock price rose by 0.7% to $30.87, while it maintains a market cap of $4.59 billion and a price-to-earnings ratio of 36.32.
• Analysts have downgraded Japan Steel Works from a "strong-buy" to a "hold" rating, reflecting a consensus outlook of stabilization in the stock's performance.

The Japan Steel Works, Ltd. (OTCMKTS:JPSWY - Get Free Report) saw a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 700 shares, an increase of 40.0% from the August 15th total of 500 shares. Based on an average daily volume of 300 shares, the days-to-cover ratio is currently 2.3 days. Approximately 0.0% of the company's stock are sold short. Approximately 0.0% of the company's stock are sold short. Based on an average daily volume of 300 shares, the days-to-cover ratio is currently 2.3 days.

Japan Steel Works Stock Performance

Shares of OTCMKTS:JPSWY remained flat at $30.00 on Friday. The company has a 50-day simple moving average of $30.99 and a two-hundred day simple moving average of $25.45. The company has a market cap of $4.46 billion, a P/E ratio of 35.29 and a beta of 0.53. Japan Steel Works has a 1 year low of $12.52 and a 1 year high of $35.64. The company has a current ratio of 2.07, a quick ratio of 1.15 and a debt-to-equity ratio of 0.23.

Japan Steel Works (OTCMKTS:JPSWY - Get Free Report) last released its quarterly earnings data on Monday, August 4th. The company reported $0.20 earnings per share (EPS) for the quarter. The business had revenue of $467.54 million during the quarter. Japan Steel Works had a return on equity of 9.76% and a net margin of 6.95%. On average, equities research analysts forecast that Japan Steel Works will post 0.81 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Zacks Research cut Japan Steel Works from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 1st. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Hold".

About Japan Steel Works

The Japan Steel Works, Ltd. engages in the provision of industrial machinery products, and material and engineering business in Japan and internationally. It operates through Industrial Machinery Products Business, and Material and Engineering Business segments. The Industrial Machinery Products Business segment offers plastic production and processing machinery, such as pelletizers, film and sheet manufacturing equipment, and twin-screw extruders; molding machines including plastic injection molding, magnesium injection molding, and blow molding machines; and other machinery consists of excimer laser annealing systems, defense equipment, railway products, hot press devices, vacuum laminators, and deposit systems, as well as after-sales services for plastics, mobility, high-performance batteries, electronic devices, and defense applications.