Ebara Co. (OTCMKTS:EBCOY) Sees Significant Drop in Short Interest

Ebara Co. (OTCMKTS:EBCOY) saw a significant drop in short interest in the month of April. As of April 30th, there was short interest totaling 74,213 shares, a drop of 56.4% from the April 15th total of 170,081 shares. Based on an average daily trading volume, of 161,216 shares, the short-interest ratio is currently 0.5 days.

Ebara Price Performance

OTCMKTS:EBCOY traded up $0.63 during trading hours on Friday, hitting $18.76. 87,582 shares of the company’s stock traded hands, compared to its average volume of 149,171. Ebara has a 52 week low of $7.47 and a 52 week high of $19.59. The business’s fifty day simple moving average is $15.96 and its two-hundred day simple moving average is $14.88.

Ebara (OTCMKTS:EBCOY) last posted its quarterly earnings data on Friday, May 15th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.01). The company had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.50 billion.

About Ebara

Ebara Corporation (OTCMKTS:EBCOY) is a Tokyo?headquartered engineering firm with a history dating back to its founding in 1912 as a pump manufacturer. Over more than a century of operations, the company has expanded its expertise to encompass a broad array of industrial and environmental machinery. Ebara’s core mission centers on delivering reliable, high?performance equipment that supports critical infrastructure projects and industrial processes worldwide.

The company’s business is organized into three primary segments.