Ebara Co. (OTCMKTS:EBCOY) Shares Shorted: Short Interest Up 129.9% in September

Ebara Co. (OTCMKTS:EBCOY) was the target of a significant increase in short interest in September. As of September 30th, there was short interest totaling 67,684 shares, an increase of 129.9% from the September 15th total of 29,443 shares. Based on an average trading volume of 274,173 shares, the days-to-cover ratio is currently 0.2 days.

Ebara Stock Down 0.7%

EBCOY traded down $0.10 during trading on Wednesday, hitting $14.58. The company’s stock had a trading volume of 65,797 shares, compared to its average volume of 149,905. The business’s fifty day simple moving average is $15.18 and its 200 day simple moving average is $16.51. Ebara has a twelve month low of $11.12 and a twelve month high of $21.77.

Analyst Ratings Changes

Separately, Smbc Nikko Sec. upgraded shares of Ebara to a “hold” rating in a report on Tuesday, June 16th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Ebara Company Profile

Ebara Corporation is a Japan-based industrial machinery company headquartered in Tokyo. Founded in 1912, the company develops and manufactures equipment used to move, control, treat and process fluids, along with systems for environmental management and semiconductor production.

Ebara’s businesses include pumps, compressors, turbines and other fluid-handling equipment for applications such as water supply, wastewater treatment, building services, industrial facilities and energy infrastructure.