Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY) Short Interest Down 74.1% in July

Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY) was the target of a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 35,676 shares, a decline of 74.1% from the July 15th total of 137,941 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 705,628 shares, the days-to-cover ratio is currently 0.1 days.

Kawasaki Heavy Industries Price Performance

Shares of OTCMKTS KWHIY traded up $0.08 during midday trading on Friday, reaching $7.15. The company’s stock had a trading volume of 79,266 shares, compared to its average volume of 278,128. The company has a market cap of $15.68 billion, a P/E ratio of 27.50 and a beta of 0.75. Kawasaki Heavy Industries has a fifty-two week low of $4.67 and a fifty-two week high of $9.73. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.73 and a current ratio of 1.15. The business’s 50 day moving average price is $7.06 and its two-hundred day moving average price is $19.72.

Kawasaki Heavy Industries (OTCMKTS:KWHIY) last announced its quarterly earnings data on Friday, August 7th. The industrial products company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.02). The company had revenue of $3.44 billion during the quarter, compared to analyst estimates of $3.33 billion. Kawasaki Heavy Industries had a net margin of 4.74% and a return on equity of 13.40%.

Analyst Ratings Changes

Separately, The Goldman Sachs Group cut Kawasaki Heavy Industries from a “buy” rating to a “neutral” rating in a research report on Tuesday, May 12th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, Kawasaki Heavy Industries presently has an average rating of “Hold”.

About Kawasaki Heavy Industries

Kawasaki Heavy Industries, Ltd. (OTCMKTS: KWHIY) is a diversified Japanese conglomerate with core operations in shipbuilding, rolling stock, industrial machinery, aerospace and energy systems. The company traces its roots to 1896 when founder Shozo Kawasaki established a shipyard in Kobe, Japan. Today, the firm is headquartered in Kobe and Tokyo and is recognized as one of the world’s leading manufacturers of heavy equipment and engineering solutions.

In its marine division, Kawasaki Heavy Industries designs and constructs a broad range of vessels including LNG carriers, container ships and offshore support platforms.