Short Interest in Dai Nippon Printing Co. (OTCMKTS:DNPLY) Drops By 71.4%

Dai Nippon Printing Co. (OTCMKTS:DNPLY) was the recipient of a significant drop in short interest in March. As of March 13th, there was short interest totaling 969 shares, a drop of 71.4% from the February 26th total of 3,386 shares. Based on an average daily volume of 7,939 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the stock are sold short.

Analyst Ratings Changes

Separately, The Goldman Sachs Group raised Dai Nippon Printing to a “hold” rating in a report on Monday, March 2nd. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

Dai Nippon Printing Price Performance

Shares of DNPLY traded down $0.26 during midday trading on Thursday, hitting $9.15. 1,779 shares of the company traded hands, compared to its average volume of 5,403. The stock has a market cap of $9.60 billion, a price-to-earnings ratio of 14.52 and a beta of 0.53. The firm has a 50 day moving average of $9.59 and a 200-day moving average of $8.90. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.77 and a current ratio of 2.23. Dai Nippon Printing has a 52 week low of $6.07 and a 52 week high of $10.66.

Dai Nippon Printing (OTCMKTS:DNPLY) last posted its earnings results on Friday, February 13th. The company reported $0.19 EPS for the quarter. Dai Nippon Printing had a return on equity of 8.99% and a net margin of 5.39%.The company had revenue of $2.53 billion for the quarter.

About Dai Nippon Printing

Dai Nippon Printing Co, Ltd. (OTCMKTS: DNPLY), commonly known as DNP, is one of Japan’s largest comprehensive printing companies. Established in 1876 and headquartered in Tokyo, the company has built a legacy in traditional and digital printing, offering a broad spectrum of paper-based and value-added services. Over its long history, DNP has evolved from newspaper and book printing to becoming a diversified provider of information, communication and functional materials.

DNP’s business is organized into several key segments.