Horiba Ltd. (OTCMKTS:HRIBF) Sees Large Drop in Short Interest

Horiba Ltd. (OTCMKTS:HRIBF) was the target of a large decrease in short interest in July. As of July 31st, there was short interest totaling 90,807 shares, a decrease of 40.1% from the July 15th total of 151,594 shares. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is presently ∞ days. Approximately 0.2% of the shares of the company are short sold.

Horiba Stock Performance

Shares of HRIBF stock opened at $162.47 on Wednesday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.11 and a current ratio of 2.94. Horiba has a 1 year low of $73.11 and a 1 year high of $166.67. The stock has a fifty day moving average of $161.21 and a two-hundred day moving average of $140.90. The firm has a market capitalization of $6.82 billion, a PE ratio of 24.65 and a beta of 0.24.

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

About Horiba

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.