Short Interest in Nippon Yusen Kabushiki Kaisha (OTCMKTS:NPNYY) Grows By 1,746.3%

Nippon Yusen Kabushiki Kaisha (OTCMKTS:NPNYY) was the recipient of a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 7,662 shares, an increase of 1,746.3% from the May 31st total of 415 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 243,222 shares, the short-interest ratio is presently 0.0 days.

Nippon Yusen Kabushiki Kaisha Stock Performance

Shares of OTCMKTS:NPNYY traded down $0.12 during midday trading on Thursday, hitting $6.48. The stock had a trading volume of 178,259 shares, compared to its average volume of 126,704. The company has a market capitalization of $13.13 billion, a PE ratio of 9.67 and a beta of 0.76. The stock has a 50 day moving average price of $6.94 and a two-hundred day moving average price of $6.87. The company has a current ratio of 0.99, a quick ratio of 0.91 and a debt-to-equity ratio of 0.30. Nippon Yusen Kabushiki Kaisha has a 1 year low of $6.04 and a 1 year high of $8.01.

Nippon Yusen Kabushiki Kaisha (OTCMKTS:NPNYY) last issued its quarterly earnings results on Thursday, May 14th. The company reported $0.07 earnings per share (EPS) for the quarter. The business had revenue of $3.90 billion for the quarter. Nippon Yusen Kabushiki Kaisha had a net margin of 8.73% and a return on equity of 5.60%. As a group, equities analysts predict that Nippon Yusen Kabushiki Kaisha will post 0.63 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded Nippon Yusen Kabushiki Kaisha to a “hold” rating in a research note on Thursday, May 28th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, Nippon Yusen Kabushiki Kaisha currently has a consensus rating of “Hold”.

About Nippon Yusen Kabushiki Kaisha

Nippon Yusen Kabushiki Kaisha (NYK Line) is one of the world’s oldest and largest shipping companies, tracing its roots back to 1885 when it was established in Tokyo, Japan. Over more than a century of operations, the company has grown from a modest coastal carrier into a global maritime and logistics provider. NYK is a core member of the Mitsubishi keiretsu and plays a prominent role in international trade by connecting major ports across Asia, Europe, the Americas and beyond.

The company’s principal business activities encompass sea, land and air logistics.