Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY) Shares Shorted: Short Interest Down 78.0% in September

Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY) was the recipient of a significant decrease in short interest in the month of September. As of September 30th, there was short interest totaling 4,825 shares, a decrease of 78.0% from the September 15th total of 21,980 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 695,460 shares, the short-interest ratio is presently 0.0 days.

Kawasaki Heavy Industries Price Performance

Shares of KWHIY stock opened at $5.69 on Tuesday. The company has a current ratio of 1.16, a quick ratio of 0.70 and a debt-to-equity ratio of 0.38. The stock has a fifty day simple moving average of $6.36 and a two-hundred day simple moving average of $9.32. The stock has a market capitalization of $12.47 billion, a price-to-earnings ratio of 21.88 and a beta of 0.81. Kawasaki Heavy Industries has a twelve month low of $4.96 and a twelve month high of $9.73.

Kawasaki Heavy Industries (OTCMKTS:KWHIY) last announced its earnings results on Friday, August 7th. The industrial products company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.02). The business had revenue of $3.44 billion for the quarter, compared to analyst estimates of $3.33 billion.

Wall Street Analysts Forecast Growth

Separately, Sanford C. Bernstein initiated coverage on Kawasaki Heavy Industries in a research note on Tuesday, September 15th. They issued a “hold” rating on the stock. Three research analysts have rated the stock with a Hold rating. According to MarketBeat.com, the stock presently has an average rating of “Hold”.

Kawasaki Heavy Industries Company Profile

Kawasaki Heavy Industries, Ltd. is a Japanese industrial manufacturer that develops and produces transportation equipment, industrial machinery, and infrastructure systems. Its activities include aerospace products, railway vehicles, ships and marine equipment, energy systems, hydraulic machinery, industrial robots, and motorcycles and engines.

The company supplies commercial and defense aerospace systems, including aircraft structures and components, and manufactures rolling stock for rail networks in Japan and international markets.