Short Interest in Nippon Yusen Kabushiki Kaisha (OTCMKTS:NPNYY) Declines By 41.4%

Nippon Yusen Kabushiki Kaisha (OTCMKTS:NPNYY) saw a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 89,859 shares, a drop of 41.4% from the June 30th total of 153,416 shares. Based on an average trading volume of 275,736 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.0% of the shares of the stock are sold short.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of 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, Based on data from MarketBeat, the stock has an average rating of “Hold”.

Nippon Yusen Kabushiki Kaisha Price Performance

Nippon Yusen Kabushiki Kaisha stock traded up $0.43 during midday trading on Thursday, hitting $7.97. 17,331 shares of the company’s stock were exchanged, compared to its average volume of 90,176. The company has a market cap of $16.15 billion, a P/E ratio of 11.90 and a beta of 0.75. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.91 and a current ratio of 0.99. The stock has a 50-day moving average price of $6.78 and a two-hundred day moving average price of $6.95. Nippon Yusen Kabushiki Kaisha has a 52-week low of $6.04 and a 52-week high of $8.01.

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

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.