West Japan Railway (OTCMKTS:WJRYY) Sees Large Drop in Short Interest

Key Points

• West Japan Railway experienced a 31.4% decline in short interest, with total shares short dropping to 2,400 as of July 31.
• The company reported earnings of $0.67 per share, exceeding estimates of $0.57, although revenue of $2.90 billion was slightly below the expected $2.95 billion.
• West Japan Railway's market capitalization stands at $11.07 billion with a P/E ratio of 13.07 and a debt-to-equity ratio of 1.01.

West Japan Railway (OTCMKTS:WJRYY - Get Free Report) was the recipient of a significant decrease in short interest in July. As of July 31st, there was short interest totaling 2,400 shares, adecreaseof31.4% from the July 15th total of 3,500 shares. Based on an average trading volume of 33,500 shares, the days-to-cover ratio is presently 0.1 days. Approximately0.0% of the company's stock are short sold. Approximately0.0% of the company's stock are short sold. Based on an average trading volume of 33,500 shares, the days-to-cover ratio is presently 0.1 days.

West Japan Railway Stock Performance

WJRYY opened at $23.52 on Wednesday. West Japan Railway has a 52-week low of $16.32 and a 52-week high of $24.85. The firm's 50-day moving average price is $22.42 and its 200-day moving average price is $21.19. The company has a quick ratio of 0.62, a current ratio of 0.88 and a debt-to-equity ratio of 1.01. The company has a market cap of $11.07 billion, a P/E ratio of 13.07 and a beta of 0.44.

West Japan Railway (OTCMKTS:WJRYY - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.10. West Japan Railway had a net margin of 7.25% and a return on equity of 9.74%. The company had revenue of $2.90 billion for the quarter, compared to the consensus estimate of $2.95 billion. As a group, equities analysts anticipate that West Japan Railway will post 1.36 EPS for the current fiscal year.

West Japan Railway Company Profile

West Japan Railway Company provides railway transport services in Japan. The company operates through Mobility, Retail, Real Estate, Travel and Regional Solutions, and Other segments. The Mobility segment provides passenger transportation, station operation and management, cleaning and maintenance, construction, machinery and equipment installation, rolling stock and other facility construction services, as well as engages in the railway operations and electric works.

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