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

Nomura Research Institute (OTCMKTS:NRILY) was the target of a significant drop in short interest during the month of February. As of February 27th, there was short interest totaling 447 shares, a drop of 97.7% from the February 12th total of 19,446 shares. Based on an average daily volume of 544,879 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the stock are sold short. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 544,879 shares, the days-to-cover ratio is presently 0.0 days.

Analysts Set New Price Targets

Several brokerages have recently issued reports on NRILY. Zacks Research upgraded shares of Nomura Research Institute from a “strong sell” rating to a “hold” rating in a research report on Monday, February 16th. Citigroup upgraded Nomura Research Institute from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 19th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, Nomura Research Institute presently has an average rating of “Hold”.

Nomura Research Institute Trading Down 4.7%

OTCMKTS:NRILY traded down $1.35 during mid-day trading on Tuesday, hitting $27.42. 322,729 shares of the stock traded hands, compared to its average volume of 176,113. The company has a quick ratio of 1.84, a current ratio of 2.08 and a debt-to-equity ratio of 0.42. Nomura Research Institute has a 52 week low of $22.73 and a 52 week high of $43.20. The stock has a market capitalization of $15.94 billion, a price-to-earnings ratio of 22.29, a PEG ratio of 1.85 and a beta of 0.73. The firm’s 50 day moving average is $32.08 and its two-hundred day moving average is $36.51.

Nomura Research Institute (OTCMKTS:NRILY) last announced its quarterly earnings data on Thursday, January 29th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.01. The business had revenue of $1.33 billion during the quarter. Nomura Research Institute had a net margin of 13.17% and a return on equity of 22.45%. On average, equities research analysts predict that Nomura Research Institute will post 1.04 earnings per share for the current year.

Nomura Research Institute Company Profile

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.