Nomura Research Institute (OTCMKTS:NRILY) Sees Significant Growth in Short Interest

Nomura Research Institute (OTCMKTS:NRILY) saw a significant increase in short interest during the month of December. As of December 15th, there was short interest totaling 17,948 shares, an increase of 93.9% from the November 30th total of 9,256 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 46,128 shares, the short-interest ratio is presently 0.4 days. Based on an average daily trading volume, of 46,128 shares, the short-interest ratio is presently 0.4 days. Currently, 0.0% of the shares of the company are sold short.

Nomura Research Institute Price Performance

NRILY traded up $0.04 during trading on Friday, reaching $38.40. The stock had a trading volume of 22,905 shares, compared to its average volume of 26,103. The stock has a 50 day moving average of $39.13 and a two-hundred day moving average of $39.07. The company has a quick ratio of 1.84, a current ratio of 1.72 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $22.32 billion, a price-to-earnings ratio of 32.26 and a beta of 0.72. Nomura Research Institute has a 1-year low of $27.23 and a 1-year high of $43.20.

Nomura Research Institute (OTCMKTS:NRILY) last posted its quarterly earnings data on Thursday, October 30th. The company reported $0.33 EPS for the quarter. The company had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.36 billion. Nomura Research Institute had a return on equity of 22.63% and a net margin of 12.96%. As a group, equities analysts anticipate that Nomura Research Institute will post 1.04 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on NRILY. Citigroup raised Nomura Research Institute from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 19th. Zacks Research lowered Nomura Research Institute from a “hold” rating to a “strong sell” rating in a report on Monday, December 22nd. Two analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Nomura Research Institute currently has an average rating of “Reduce”.

Nomura Research Institute Company Profile

Nomura Research Institute, Ltd. (NRI) is a Tokyo-based provider of management consulting and information technology services. Founded in 1965, the firm combines industry research, strategic advisory and systems development to help corporate and public-sector clients address complex business and technology challenges. NRI is known for integrating consulting insight with large-scale system integration, outsourcing and software solutions to support digital transformation initiatives.

NRI’s core activities include management and IT consulting, system integration, application development, and IT outsourcing.