Nitori Holdings Co., Ltd. (OTCMKTS:NCLTY) Short Interest Up 184.0% in August

Nitori Holdings Co., Ltd. (OTCMKTS:NCLTY) was the target of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 105,032 shares, a growth of 184.0% from the August 15th total of 36,979 shares. Based on an average daily trading volume, of 31,898 shares, the days-to-cover ratio is currently 3.3 days. Currently, 0.0% of the shares of the company are sold short.

Nitori Price Performance

Shares of NCLTY opened at $10.55 on Monday. Nitori has a one year low of $6.90 and a one year high of $11.56. The company’s fifty day moving average price is $8.76 and its 200 day moving average price is $8.27. The company has a market capitalization of $11.92 billion, a PE ratio of 18.84 and a beta of 0.69.

Nitori (OTCMKTS:NCLTY) last issued its quarterly earnings results on Friday, August 7th. The company reported $0.14 earnings per share (EPS) for the quarter. The business had revenue of $1.42 billion during the quarter. Analysts anticipate that Nitori will post 2.42 earnings per share for the current year.

About Nitori

Nitori Holdings Co, Ltd. is a Japanese retailer specializing in furniture, home furnishings and interior products. Through its Nitori and related store formats, the company sells items such as sofas, beds, dining furniture, storage products, bedding, curtains, kitchenware, household goods and home décor.

The company’s business model includes product planning, procurement, manufacturing coordination, logistics and retail distribution, enabling it to offer a broad range of products under its own brands.