Ryohin Keikaku Co. Ltd. (OTCMKTS:RYKKY) Sees Significant Increase in Short Interest

Ryohin Keikaku Co. Ltd. (OTCMKTS:RYKKY) was the target of a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 1,652 shares, an increase of 553.0% from the May 31st total of 253 shares. Based on an average trading volume of 6,028 shares, the short-interest ratio is presently 0.3 days. Currently, 0.0% of the company’s shares are short sold.

Analyst Ratings Changes

Separately, Sanford C. Bernstein initiated coverage on shares of Ryohin Keikaku in a research report on Tuesday, May 26th. They set a “market perform” rating on the stock. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Ryohin Keikaku Trading Up 5.1%

RYKKY traded up $0.54 during trading hours on Friday, reaching $11.24. The company’s stock had a trading volume of 2,418 shares, compared to its average volume of 2,327. Ryohin Keikaku has a fifty-two week low of $8.76 and a fifty-two week high of $12.81. The stock has a market cap of $12.62 billion and a PE ratio of 56.20. The business’s 50-day moving average is $11.36 and its 200-day moving average is $10.82. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.87 and a quick ratio of 1.56.

Ryohin Keikaku (OTCMKTS:RYKKY) last posted its earnings results on Friday, April 10th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.01. The business had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.28 billion. As a group, equities research analysts predict that Ryohin Keikaku will post 0.38 earnings per share for the current fiscal year.

About Ryohin Keikaku

Ryohin Keikaku Co, Ltd., founded in 1980 and headquartered in Tokyo, is a Japanese retailer best known for its MUJI brand. The company’s core business revolves around the design, planning, manufacturing and sale of a broad array of household and consumer products. Emphasizing simplicity, functionality and quality, Ryohin Keikaku has built a reputation for its “no‐brand” or minimalist design philosophy, which seeks to eliminate unnecessary features and branding in favor of honest materials and understated aesthetics.

The company’s product portfolio includes furniture, kitchenware, home furnishings, apparel, stationery, personal care items and a curated selection of packaged foods.