Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY) Shares Shorted: Short Interest Up 267.9% in October

Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY) saw a significant increase in short interest during the month of October. As of October 30th, there was short interest totaling 269,092 shares, an increase of 267.9% from the October 15th total of 73,147 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 575,319 shares, the days-to-cover ratio is currently 0.5 days.

Analysts Set New Price Targets

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

Kawasaki Heavy Industries Stock Down 8.3%

KWHIY stock traded down $0.41 during midday trading on Friday, hitting $4.55. The company’s stock had a trading volume of 398,233 shares, compared to its average volume of 301,528. The company’s fifty day moving average price is $5.74 and its 200 day moving average price is $15.19. Kawasaki Heavy Industries has a twelve month low of $4.50 and a twelve month high of $9.73. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.16 and a quick ratio of 0.70. The stock has a market capitalization of $9.98 billion, a P/E ratio of 17.50 and a beta of 0.95.

Kawasaki Heavy Industries (OTCMKTS:KWHIY) last announced its quarterly earnings data on Tuesday, November 10th. The industrial products company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01). The firm had revenue of $3.42 billion for the quarter, compared to the consensus estimate of $3.45 billion.

Kawasaki Heavy Industries Company Profile

Kawasaki Heavy Industries, Ltd. is a Japanese industrial manufacturer with roots in shipbuilding. Founded by Shozo Kawasaki in 1896, the company has expanded into a range of transportation, machinery, and energy-related businesses. Its products and services include aircraft and aircraft engines, helicopters, railway vehicles, ships and marine equipment, gas turbines and other energy systems, industrial robots, and hydraulic machinery. The company also makes motorcycles, personal watercraft, all-terrain vehicles, and general-purpose engines.