Short Interest in Nippon Yusen Kabushiki Kaisha (OTCMKTS:NPNYY) Drops By 67.6%

Nippon Yusen Kabushiki Kaisha (OTCMKTS:NPNYY) was the target of a large decline in short interest in August. As of August 31st, there was short interest totaling 44,289 shares, a decline of 67.6% from the August 15th total of 136,699 shares. Based on an average daily volume of 68,574 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.0% of the shares of the stock are short sold.

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of Nippon Yusen Kabushiki Kaisha to a “hold” rating in a report on Thursday, May 28th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold”.

Nippon Yusen Kabushiki Kaisha Trading Up 2.0%

Shares of OTCMKTS:NPNYY traded up $0.18 during midday trading on Friday, reaching $9.50. The company had a trading volume of 60,738 shares, compared to its average volume of 47,211. The company has a fifty day simple moving average of $7.94 and a two-hundred day simple moving average of $7.38. The firm has a market cap of $19.25 billion, a price-to-earnings ratio of 13.38 and a beta of 0.67. Nippon Yusen Kabushiki Kaisha has a 1-year low of $6.04 and a 1-year high of $9.50. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.91 and a current ratio of 0.99.

Nippon Yusen Kabushiki Kaisha (OTCMKTS:NPNYY) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.15 EPS for the quarter. Nippon Yusen Kabushiki Kaisha had a net margin of 8.88% and a return on equity of 5.54%. The company had revenue of $4.57 billion during the quarter. Research analysts predict that Nippon Yusen Kabushiki Kaisha will post 0.79 earnings per share for the current year.

Nippon Yusen Kabushiki Kaisha Company Profile

Nippon Yusen Kabushiki Kaisha, commonly known as NYK Line, is a Japanese transportation and logistics company headquartered in Tokyo. Founded in 1885, the company developed from Japan’s early modern shipping industry and has grown into an international provider of marine transportation and supply-chain services.

NYK’s businesses include the transportation of automobiles, dry bulk commodities, energy products, and other cargo. The company operates car carriers, bulk vessels, tankers, and liquefied natural gas carriers, while also participating in container shipping through its investment in Ocean Network Express, a joint venture with other major Japanese shipping companies.

In addition to ocean transportation, NYK provides logistics, warehousing, freight forwarding, air cargo, terminal operations, and other supply-chain services.