Short Interest in Nippon Yusen Kabushiki Kaisha (OTCMKTS:NPNYY) Grows By 1,746.3%

Nippon Yusen Kabushiki Kaisha (OTCMKTS:NPNYY) was the recipient of a significant growth in short interest in June. As of June 15th, there was short interest totaling 7,662 shares, a growth of 1,746.3% from the May 31st total of 415 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 243,222 shares, the days-to-cover ratio is presently 0.0 days.

Analyst Ratings Changes

Separately, Zacks Research raised shares of Nippon Yusen Kabushiki Kaisha to a “hold” rating in a report on Thursday, May 28th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

Nippon Yusen Kabushiki Kaisha Stock Performance

NPNYY traded down $0.12 during trading on Thursday, hitting $6.48. 178,259 shares of the stock were exchanged, compared to its average volume of 126,704. The firm has a market capitalization of $13.13 billion, a P/E ratio of 9.67 and a beta of 0.76. Nippon Yusen Kabushiki Kaisha has a 1-year low of $6.04 and a 1-year high of $8.01. The stock has a fifty day moving average price of $6.94 and a two-hundred day moving average price of $6.87. The company has a quick ratio of 0.91, a current ratio of 0.99 and a debt-to-equity ratio of 0.30.

Nippon Yusen Kabushiki Kaisha (OTCMKTS:NPNYY) last announced its earnings results on Thursday, May 14th. The company reported $0.07 earnings per share (EPS) for the quarter. Nippon Yusen Kabushiki Kaisha had a net margin of 8.73% and a return on equity of 5.60%. The business had revenue of $3.90 billion for the quarter. As a group, sell-side analysts predict that Nippon Yusen Kabushiki Kaisha will post 0.63 earnings per share for the current year.

Nippon Yusen Kabushiki Kaisha Company Profile

Nippon Yusen Kabushiki Kaisha (NYK Line) is one of the world’s oldest and largest shipping companies, tracing its roots back to 1885 when it was established in Tokyo, Japan. Over more than a century of operations, the company has grown from a modest coastal carrier into a global maritime and logistics provider. NYK is a core member of the Mitsubishi keiretsu and plays a prominent role in international trade by connecting major ports across Asia, Europe, the Americas and beyond.

The company’s principal business activities encompass sea, land and air logistics.