Nitori Holdings Co., Ltd. (OTCMKTS:NCLTY) Stock Short Interest Rises 499.0%

Nitori Holdings Co., Ltd. (OTCMKTS:NCLTY) was the target of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 56,939 shares, a growth of 499.0% from the September 30th total of 9,505 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 42,895 shares, the short-interest ratio is presently 1.3 days.

Nitori Stock Performance

NCLTY stock opened at $10.77 on Tuesday. The stock has a market capitalization of $12.17 billion, a PE ratio of 19.22 and a beta of 0.70. Nitori has a 12-month low of $6.90 and a 12-month high of $11.56. The company has a current ratio of 1.34, a quick ratio of 0.95 and a debt-to-equity ratio of 0.01. The stock’s 50 day simple moving average is $9.95 and its 200 day simple moving average is $8.67.

Nitori (OTCMKTS:NCLTY) last posted its earnings results on Friday, August 7th. The company reported $0.14 EPS for the quarter. The business had revenue of $1.42 billion during the quarter. As a group, research analysts forecast that Nitori will post 2.42 earnings per share for the current fiscal year.

About Nitori

Nitori Holdings Co, Ltd. is a Japanese retailer specializing in furniture, home furnishings and household goods. Through its Nitori brand, the company offers products such as sofas, beds, dining furniture, storage solutions, interior accessories, kitchenware, bedding and other items for the home.

The company operates an integrated retail model that covers product planning, procurement, logistics and store sales. This approach supports its focus on providing coordinated home products at accessible prices.