Short Interest in East Japan Railway (OTCMKTS:EJPRY) Declines By 70.7%

East Japan Railway (OTCMKTS:EJPRY) was the target of a large drop in short interest during the month of February. As of February 27th, there was short interest totaling 9,367 shares, a drop of 70.7% from the February 12th total of 31,990 shares. Based on an average daily volume of 164,222 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 164,222 shares, the short-interest ratio is presently 0.1 days.

East Japan Railway Trading Up 0.4%

Shares of EJPRY opened at $11.96 on Thursday. East Japan Railway has a 52-week low of $9.74 and a 52-week high of $13.59. The business’s fifty day moving average is $12.49 and its 200-day moving average is $12.45.

East Japan Railway (OTCMKTS:EJPRY) last released its quarterly earnings data on Monday, February 2nd. The company reported $0.22 earnings per share for the quarter. The business had revenue of $5.04 billion during the quarter.

Wall Street Analysts Forecast Growth

Separately, Smbc Nikko Sec. upgraded East Japan Railway to a “hold” rating in a research report on Wednesday, February 25th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy”.

East Japan Railway Company Profile

East Japan Railway Company (OTCMKTS:EJPRY) is a leading passenger railway operator in Japan, providing commuter, regional and high-speed rail services primarily across the country’s eastern corridor. Best known for its extensive network in the Tokyo metropolitan area, the company operates conventional lines as well as several Shinkansen bullet train routes, connecting the capital with prefectures to the north and northeast. Through its integrated timetable and ticketing systems, East Japan Railway delivers reliable transport solutions for daily commuters, business travelers and domestic tourists.

In addition to rail operations, the company oversees a diversified portfolio of transportation services, including intercity and long-distance bus routes, as well as regional ferry connections in coastal areas.