Nomura Research Institute (OTCMKTS:NRILY) Sees Significant Increase in Short Interest

Nomura Research Institute (OTCMKTS:NRILY) was the target of a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 7,796 shares, an increase of 1,205.9% from the December 31st total of 597 shares. Based on an average daily volume of 54,277 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are short sold. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 54,277 shares, the days-to-cover ratio is presently 0.1 days.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Citigroup upgraded shares of Nomura Research Institute from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 19th. Zacks Research downgraded Nomura Research Institute from a “hold” rating to a “strong sell” rating in a report on Monday, December 22nd. Two analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Reduce”.

Nomura Research Institute Price Performance

OTCMKTS:NRILY traded up $0.51 during mid-day trading on Tuesday, reaching $38.19. 46,169 shares of the company were exchanged, compared to its average volume of 36,854. The company has a quick ratio of 1.84, a current ratio of 1.72 and a debt-to-equity ratio of 0.44. The stock has a market cap of $22.20 billion, a PE ratio of 32.09, a PEG ratio of 2.54 and a beta of 0.70. Nomura Research Institute has a 12 month low of $30.81 and a 12 month high of $43.20. The company has a fifty day moving average of $39.14 and a 200 day moving average of $38.94.

Nomura Research Institute (OTCMKTS:NRILY) last announced its earnings results on Thursday, October 30th. The company reported $0.33 earnings per share for the quarter. Nomura Research Institute had a net margin of 12.96% and a return on equity of 22.63%. The company had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.36 billion. On average, research analysts anticipate that Nomura Research Institute will post 1.04 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.