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

Key Points

• The Japan Steel Works experienced a 37.5% decrease in short interest over September, totaling 500 shares by the end of the month.
• As of the latest trading session, Japan Steel Works stock fell by 4.3% to $33.50, with a market capitalization of $4.99 billion.
• Analysts have mixed ratings for Japan Steel Works, with Goldman Sachs initiating coverage with a buy rating, while Zacks Research downgraded it to a hold rating.

The Japan Steel Works, Ltd. (OTCMKTS:JPSWY - Get Free Report) was the recipient of a significant decrease in short interest in the month of September. As of September 30th, there was short interest totaling 500 shares, a decrease of 37.5% from the September 15th total of 800 shares. Based on an average daily volume of 400 shares, the days-to-cover ratio is presently 1.3 days. Based on an average daily volume of 400 shares, the days-to-cover ratio is presently 1.3 days.

Japan Steel Works Stock Down 4.3%

JPSWY traded down $1.50 during trading on Wednesday, reaching $33.50. The stock had a trading volume of 132 shares, compared to its average volume of 245. The stock's 50 day moving average is $31.83 and its two-hundred day moving average is $27.41. The company has a current ratio of 2.07, a quick ratio of 1.15 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $4.99 billion, a price-to-earnings ratio of 39.41 and a beta of 0.65. Japan Steel Works has a one year low of $12.52 and a one year high of $39.92.

Japan Steel Works (OTCMKTS:JPSWY - Get Free Report) last posted 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%. As a group, analysts expect that Japan Steel Works will post 0.81 earnings per share for the current year.

Analyst Upgrades and Downgrades

JPSWY has been the subject of a number of research analyst reports. The Goldman Sachs Group initiated coverage on Japan Steel Works in a research note on Thursday, September 25th. They issued a "buy" rating for the company. Zacks Research lowered Japan Steel Works from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 1st. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy".

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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