The Japan Steel Works, Ltd. (OTCMKTS:JPSWY) Sees Significant Increase in Short Interest

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) was the recipient of a large growth in short interest in August. As of August 31st, there was short interest totaling 700 shares, a growth of 40.0% from the August 15th total of 500 shares. Currently, 0.0% of the company's stock are sold short. Based on an average trading volume of 300 shares, the short-interest ratio is presently 2.3 days. Based on an average trading volume of 300 shares, the short-interest ratio is presently 2.3 days. Currently, 0.0% of the company's stock are sold short.

Japan Steel Works Stock Up 0.7%

Shares of OTCMKTS:JPSWY traded up $0.21 during trading on Tuesday, hitting $30.87. 6 shares of the company were exchanged, compared to its average volume of 222. The stock has a market cap of $4.59 billion, a price-to-earnings ratio of 36.32 and a beta of 0.53. Japan Steel Works has a fifty-two week low of $12.52 and a fifty-two week high of $35.64. The firm has a fifty day moving average price of $30.81 and a two-hundred day moving average price of $25.17. 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 posted its quarterly earnings results on Monday, August 4th. The company reported $0.20 earnings per share for the quarter. The firm had revenue of $467.54 million for the quarter. Japan Steel Works had a return on equity of 9.76% and a net margin of 6.95%. As a group, research analysts anticipate that Japan Steel Works will post 0.81 earnings per share 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 note on Monday, September 1st. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, Japan Steel Works presently has a consensus rating of "Hold".

Japan Steel Works Company Profile

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.

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