Nitori Holdings Co., Ltd. (OTCMKTS:NCLTY) Short Interest Up 2,795.8% in August

Nitori Holdings Co., Ltd. (OTCMKTS:NCLTY) saw a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 36,979 shares, a growth of 2,795.8% from the July 30th total of 1,277 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 29,357 shares, the days-to-cover ratio is currently 1.3 days.

Nitori Stock Up 1.5%

OTCMKTS NCLTY traded up $0.14 during trading hours on Tuesday, reaching $9.70. 6,700 shares of the company were exchanged, compared to its average volume of 154,531. The stock has a market capitalization of $10.96 billion, a P/E ratio of 17.32 and a beta of 0.67. Nitori has a 1 year low of $6.90 and a 1 year high of $11.56. The business’s 50 day simple moving average is $8.04 and its 200-day simple moving average is $8.27.

Nitori (OTCMKTS:NCLTY) last released its earnings results on Friday, August 7th. The company reported $0.14 earnings per share for the quarter. The company had revenue of $1.42 billion during the quarter. As a group, sell-side analysts anticipate that Nitori will post 2.42 earnings per share for the current year.

About Nitori

Nitori Holdings Co, Ltd. engages in the retail of furniture and interior products in Japan. It is involved in the advertising; logistics; and other activities. The company engages in insurance and clothing related businesses. Nitori Holdings Co, Ltd. was founded in 1967 and is headquartered in Tokyo, Japan.