Japan Airlines Ltd (OTCMKTS:JAPSY) Sees Large Decrease in Short Interest

Japan Airlines Ltd (OTCMKTS:JAPSY) was the recipient of a large drop in short interest during the month of July. As of July 15th, there was short interest totaling 6,103 shares, a drop of 81.1% from the June 30th total of 32,350 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average trading volume of 175,629 shares, the days-to-cover ratio is currently 0.0 days.

Japan Airlines Trading Up 5.0%

Shares of JAPSY stock traded up $0.42 on Monday, reaching $8.89. 7,225 shares of the company’s stock were exchanged, compared to its average volume of 113,679. The company’s fifty day simple moving average is $8.60 and its 200 day simple moving average is $8.75. Japan Airlines has a 52 week low of $7.55 and a 52 week high of $11.00. The company has a current ratio of 1.44, a quick ratio of 1.38 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $7.69 billion, a PE ratio of 8.64 and a beta of 0.42.

Japan Airlines (OTCMKTS:JAPSY) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.17 EPS for the quarter. Japan Airlines had a return on equity of 10.96% and a net margin of 6.84%.The company had revenue of $3.18 billion for the quarter. As a group, analysts forecast that Japan Airlines will post 0.6 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of Japan Airlines from a “strong sell” rating to a “hold” rating in a report on Monday, May 18th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy”.

About Japan Airlines

Japan Airlines (OTCMKTS:JAPSY) is the flag carrier of Japan, providing both scheduled passenger and cargo air transportation services. The company operates a comprehensive network of domestic and international flights, connecting major cities across Asia, Europe, North America and Oceania. In addition to its core passenger services, Japan Airlines offers charter operations, cargo logistics and maintenance support through its technical services division.

The airline’s network is centered on its primary hubs at Tokyo’s Haneda and Narita airports.