Nomura Research Institute (OTCMKTS:NRILY) Short Interest Up 319.5% in July

Nomura Research Institute (OTCMKTS:NRILY) was the recipient of a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 40,725 shares, an increase of 319.5% from the June 30th total of 9,708 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 97,279 shares, the days-to-cover ratio is currently 0.4 days.

Nomura Research Institute Price Performance

Shares of Nomura Research Institute stock opened at $30.29 on Friday. The firm has a market capitalization of $17.00 billion, a PE ratio of 137.68, a price-to-earnings-growth ratio of 1.74 and a beta of 0.71. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.49. Nomura Research Institute has a 12 month low of $22.73 and a 12 month high of $43.20. The business’s 50-day moving average price is $29.62 and its 200-day moving average price is $29.68.

Nomura Research Institute (OTCMKTS:NRILY) last issued its earnings results on Friday, April 24th. The company reported ($0.76) earnings per share (EPS) for the quarter, missing the consensus estimate of $31.34 by ($32.10). The firm had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $227 billion. Nomura Research Institute had a return on equity of 4.03% and a net margin of 2.33%. Sell-side analysts forecast that Nomura Research Institute will post 1.39 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Zacks Research lowered Nomura Research Institute from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold”.

About Nomura Research Institute

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.