Short Interest in Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY) Drops By 67.8%

Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY) saw a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 39,260 shares, a decline of 67.8% from the May 31st total of 121,793 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 507,420 shares, the short-interest ratio is presently 0.1 days.

Kawasaki Heavy Industries Price Performance

Shares of KWHIY stock traded up $0.17 on Monday, reaching $7.28. The company’s stock had a trading volume of 145,006 shares, compared to its average volume of 275,175. The stock’s fifty day simple moving average is $7.75 and its 200-day simple moving average is $25.38. Kawasaki Heavy Industries has a 1 year low of $4.67 and a 1 year high of $9.73. The company has a market capitalization of $15.27 billion, a price-to-earnings ratio of 21.03 and a beta of 0.71. The company has a current ratio of 1.15, a quick ratio of 0.73 and a debt-to-equity ratio of 0.38.

Analyst Ratings Changes

Separately, The Goldman Sachs Group downgraded shares of Kawasaki Heavy Industries from a “buy” rating to a “neutral” rating in a report on Tuesday, May 12th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

Kawasaki Heavy Industries Company Profile

Kawasaki Heavy Industries, Ltd. (OTCMKTS: KWHIY) is a diversified Japanese conglomerate with core operations in shipbuilding, rolling stock, industrial machinery, aerospace and energy systems. The company traces its roots to 1896 when founder Shozo Kawasaki established a shipyard in Kobe, Japan. Today, the firm is headquartered in Kobe and Tokyo and is recognized as one of the world’s leading manufacturers of heavy equipment and engineering solutions.

In its marine division, Kawasaki Heavy Industries designs and constructs a broad range of vessels including LNG carriers, container ships and offshore support platforms.