Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY – Get Free Report) was the target of a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 39,260 shares, a drop of 67.8% from the May 31st total of 121,793 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 507,420 shares, the days-to-cover ratio is presently 0.1 days.
Kawasaki Heavy Industries Stock Performance
KWHIY remained flat at $7.26 during midday trading on Tuesday. 372,078 shares of the company’s stock were exchanged, compared to its average volume of 276,508. Kawasaki Heavy Industries has a 52-week low of $4.67 and a 52-week high of $9.73. The business’s 50-day moving average price is $7.74 and its 200-day moving average price is $25.22. The company has a market capitalization of $15.24 billion, a PE ratio of 20.98 and a beta of 0.71. The company has a current ratio of 1.15, a quick ratio of 0.73 and a debt-to-equity ratio of 0.38.
Wall Street Analyst Weigh In
Separately, The Goldman Sachs Group downgraded Kawasaki Heavy Industries from a “buy” rating to a “neutral” rating in a research note on Tuesday, May 12th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat, Kawasaki Heavy Industries currently has an average rating of “Hold”.
Kawasaki Heavy Industries Company Profile
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.
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