Horiba Ltd. (OTCMKTS:HRIBF) Short Interest Update

Horiba Ltd. (OTCMKTS:HRIBF) saw a significant drop in short interest in July. As of July 31st, there was short interest totaling 90,807 shares, a drop of 40.1% from the July 15th total of 151,594 shares. Based on an average daily trading volume, of 0 shares, the short-interest ratio is currently ? days. Approximately 0.2% of the company’s stock are sold short.

Horiba Stock Performance

Shares of OTCMKTS HRIBF remained flat at $162.47 during midday trading on Tuesday. The firm has a 50-day simple moving average of $161.12 and a two-hundred day simple moving average of $140.75. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.94 and a quick ratio of 2.11. The stock has a market cap of $6.82 billion, a price-to-earnings ratio of 24.65 and a beta of 0.24. Horiba has a 1 year low of $73.11 and a 1 year high of $166.67.

Horiba (OTCMKTS:HRIBF) last announced its quarterly earnings results on Friday, August 7th. The company reported $2.01 EPS for the quarter, beating the consensus estimate of $1.28 by $0.73. Horiba had a net margin of 11.80% and a return on equity of 13.36%. The company had revenue of $586.15 million for the quarter, compared to analyst estimates of $549.25 million.

Horiba Company Profile

Horiba Ltd. is a diversified manufacturer specializing in precision instruments for measurement, analysis and process control. The company’s product portfolio spans a broad spectrum of industries, including automotive testing, environmental monitoring, semiconductor process engineering and medical diagnostics. By leveraging advanced sensing technologies and software integration, Horiba enables customers to obtain reliable data for research, development, compliance and quality assurance purposes.

In the automotive sector, Horiba offers dynamometers, emission measurement systems and powertrain testing equipment that help manufacturers and regulatory agencies evaluate fuel efficiency and exhaust emissions.