Nomura Research Institute (OTCMKTS:NRILY) Sees Large Decrease in Short Interest

Nomura Research Institute (OTCMKTS:NRILY) was the target of a significant decline in short interest in August. As of August 14th, there was short interest totaling 13,154 shares, a decline of 52.8% from the July 30th total of 27,886 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 37,968 shares, the short-interest ratio is presently 0.3 days.

Wall Street Analysts Forecast Growth

Separately, Zacks Research cut shares of Nomura Research Institute from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 8th. One analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

Nomura Research Institute Trading Up 1.1%

Shares of NRILY stock opened at $32.71 on Friday. The business’s fifty day moving average price is $30.50 and its 200 day moving average price is $28.87. Nomura Research Institute has a 1-year low of $22.73 and a 1-year high of $42.93. The firm has a market capitalization of $18.36 billion, a PE ratio of 142.22 and a beta of 0.71. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.84 and a quick ratio of 1.84.

Nomura Research Institute (OTCMKTS:NRILY) last released its earnings results on Thursday, July 30th. The company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.02). The business had revenue of $1.32 billion during the quarter, compared to analyst estimates of $206.14 billion. Nomura Research Institute had a net margin of 2.41% and a return on equity of 4.11%. As a group, sell-side analysts forecast that Nomura Research Institute will post 1.38 EPS for the current fiscal year.

About Nomura Research Institute

Nomura Research Institute, Ltd. (NRI) is a Tokyo-based provider of management consulting and information technology services. Founded in 1965, the firm combines industry research, strategic advisory and systems development to help corporate and public-sector clients address complex business and technology challenges. NRI is known for integrating consulting insight with large-scale system integration, outsourcing and software solutions to support digital transformation initiatives.

NRI’s core activities include management and IT consulting, system integration, application development, and IT outsourcing.