Nippon Yusen Kabushiki Kaisha (OTCMKTS:NPNYY) Sees Large Decline in Short Interest

Nippon Yusen Kabushiki Kaisha (OTCMKTS:NPNYY) was the target of a large decrease in short interest in the month of July. As of July 15th, there was short interest totaling 89,859 shares, a decrease of 41.4% from the June 30th total of 153,416 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 275,736 shares, the short-interest ratio is presently 0.3 days.

Analysts Set New Price Targets

Separately, Zacks Research upgraded Nippon Yusen Kabushiki Kaisha to a “hold” rating in a research note on Thursday, May 28th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has an average rating of “Hold”.

Nippon Yusen Kabushiki Kaisha Price Performance

NPNYY traded down $0.18 on Friday, hitting $7.64. 1,847 shares of the company’s stock traded hands, compared to its average volume of 89,694. The firm has a market cap of $15.49 billion, a price-to-earnings ratio of 11.41 and a beta of 0.75. The company has a current ratio of 0.99, a quick ratio of 0.91 and a debt-to-equity ratio of 0.30. Nippon Yusen Kabushiki Kaisha has a one year low of $6.04 and a one year high of $8.01. The company’s 50 day simple moving average is $6.80 and its 200-day simple moving average is $6.96.

Nippon Yusen Kabushiki Kaisha (OTCMKTS:NPNYY) last issued its earnings results on Thursday, May 14th. The company reported $0.07 earnings per share for the quarter. The firm had revenue of $3.90 billion during the quarter. Nippon Yusen Kabushiki Kaisha had a net margin of 8.73% and a return on equity of 5.60%. As a group, research analysts anticipate that Nippon Yusen Kabushiki Kaisha will post 0.63 EPS for the current year.

Nippon Yusen Kabushiki Kaisha Company Profile

Nippon Yusen Kabushiki Kaisha (NYK Line) is one of the world’s oldest and largest shipping companies, tracing its roots back to 1885 when it was established in Tokyo, Japan. Over more than a century of operations, the company has grown from a modest coastal carrier into a global maritime and logistics provider. NYK is a core member of the Mitsubishi keiretsu and plays a prominent role in international trade by connecting major ports across Asia, Europe, the Americas and beyond.

The company’s principal business activities encompass sea, land and air logistics.