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

Key Points

• As of July 31st, short interest for Japan Steel Works increased by 300.0%, totaling 400 shares, while the days-to-cover ratio is currently 0.2 days.
• The company's stock price rose by 4.9% to reach $32.55, with a market cap of $4.84 billion and a P/E ratio of 38.29.
• In its latest quarterly earnings, Japan Steel Works reported $0.20 EPS and revenues of $467.54 million, with analysts projecting 0.81 EPS for the current year.

The Japan Steel Works, Ltd. (OTCMKTS:JPSWY - Get Free Report) saw a significant growth in short interest in July. As of July 31st, there was short interest totaling 400 shares, agrowthof300.0% from the July 15th total of 100 shares. Approximately0.0% of the company's stock are short sold. Based on an average trading volume of 1,700 shares, the short-interest ratio is currently 0.2 days. Based on an average trading volume of 1,700 shares, the short-interest ratio is currently 0.2 days. Approximately0.0% of the company's stock are short sold.

Japan Steel Works Stock Up 2.8%

Shares of Japan Steel Works stock traded up $0.8465 during trading hours on Wednesday, hitting $30.85. 45 shares of the company's stock traded hands, compared to its average volume of 227. The stock has a 50 day simple moving average of $29.52 and a 200-day simple moving average of $23.45. The company has a quick ratio of 0.98, a current ratio of 1.76 and a debt-to-equity ratio of 0.10. The company has a market cap of $4.59 billion, a PE ratio of 36.29 and a beta of 0.51. Japan Steel Works has a twelve month low of $12.5204 and a twelve month high of $35.6360.

Japan Steel Works (OTCMKTS:JPSWY - Get Free Report) last announced its earnings results on Monday, August 4th. The company reported $0.20 earnings per share for the quarter. The company had revenue of $467.54 million during the quarter. Japan Steel Works had a return on equity of 9.95% and a net margin of 6.95%. Equities research analysts anticipate that Japan Steel Works will post 0.81 earnings per share for the current fiscal year.

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.