Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY) Sees Large Increase in Short Interest

Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY) was the recipient of a significant growth in short interest in July. As of July 15th, there was short interest totaling 137,941 shares, a growth of 176.0% from the June 30th total of 49,987 shares. Based on an average daily trading volume, of 616,379 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the company’s stock are sold short.

Kawasaki Heavy Industries Stock Performance

Shares of KWHIY traded down $0.05 during trading hours on Tuesday, reaching $6.61. 262,975 shares of the company’s stock traded hands, compared to its average volume of 286,902. Kawasaki Heavy Industries has a twelve month low of $4.67 and a twelve month high of $9.73. The firm has a market capitalization of $13.87 billion, a price-to-earnings ratio of 19.10 and a beta of 0.74. The business’s fifty day simple moving average is $7.23 and its two-hundred day simple moving average is $22.19. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.15 and a quick ratio of 0.73.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group lowered shares of Kawasaki Heavy Industries from a “buy” rating to a “neutral” rating in a research note on Tuesday, May 12th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Kawasaki Heavy Industries presently has a consensus 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.