Horiba Ltd. (OTCMKTS:HRIBF) Sees Significant Growth in Short Interest

Horiba Ltd. (OTCMKTS:HRIBF) saw a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 164,309 shares, a growth of 80.4% from the September 30th total of 91,089 shares. Approximately 0.4% of the company’s stock are short sold. Based on an average daily volume of 2 shares, the short-interest ratio is currently 82,154.5 days.

Horiba Stock Performance

Shares of Horiba stock opened at $137.00 on Tuesday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.14 and a current ratio of 2.93. Horiba has a 1 year low of $73.11 and a 1 year high of $166.67. The firm’s 50-day simple moving average is $142.60 and its 200-day simple moving average is $139.92. The firm has a market cap of $5.75 billion, a PE ratio of 19.22 and a beta of 0.23.

Horiba (OTCMKTS:HRIBF) last posted its quarterly earnings results on Friday, August 7th. The company reported $2.01 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.73. The business had revenue of $586.15 million during the quarter, compared to the consensus estimate of $549.25 million. Horiba had a return on equity of 13.28% and a net margin of 11.80%.

About Horiba

HORIBA, Ltd. is a Japan-based manufacturer of measurement and analysis systems. The company develops instruments and related services used to measure physical and chemical properties across automotive, environmental, medical, semiconductor, and scientific research applications.

Its products include automotive emissions analyzers, engine and drivetrain testing systems, environmental monitoring equipment, process control instruments, semiconductor manufacturing tools, particle and elemental analyzers, blood cell counters, and other medical testing systems.