Short Interest in Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY) Drops By 88.7%

Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY) was the target of a large decrease in short interest in August. As of August 14th, there was short interest totaling 4,038 shares, a decrease of 88.7% from the July 30th total of 35,676 shares. Based on an average daily volume of 267,099 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the company’s stock are short sold.

Analyst Ratings Changes

Separately, The Goldman Sachs Group cut shares of Kawasaki Heavy Industries from a “buy” rating to a “neutral” rating in a report on Tuesday, May 12th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, Kawasaki Heavy Industries currently has a consensus rating of “Hold”.

Kawasaki Heavy Industries Stock Performance

Shares of OTCMKTS KWHIY traded up $0.04 during mid-day trading on Tuesday, hitting $6.52. The company had a trading volume of 131,662 shares, compared to its average volume of 273,436. Kawasaki Heavy Industries has a 1 year low of $4.67 and a 1 year high of $9.73. The stock’s 50-day moving average price is $7.03 and its 200-day moving average price is $18.39. The company has a current ratio of 1.15, a quick ratio of 0.73 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $14.29 billion, a price-to-earnings ratio of 25.08 and a beta of 0.75.

Kawasaki Heavy Industries (OTCMKTS:KWHIY) last issued its quarterly earnings results on Friday, August 7th. The industrial products company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.02). Kawasaki Heavy Industries had a net margin of 4.74% and a return on equity of 13.40%. The business had revenue of $3.44 billion for the quarter, compared to the consensus estimate of $3.33 billion.

About Kawasaki Heavy Industries

Kawasaki Heavy Industries, Ltd. (OTCMKTS: KWHIY) is a diversified Japanese conglomerate with core operations in shipbuilding, rolling stock, industrial machinery, aerospace and energy systems. The company traces its roots to 1896 when founder Shozo Kawasaki established a shipyard in Kobe, Japan. Today, the firm is headquartered in Kobe and Tokyo and is recognized as one of the world’s leading manufacturers of heavy equipment and engineering solutions.

In its marine division, Kawasaki Heavy Industries designs and constructs a broad range of vessels including LNG carriers, container ships and offshore support platforms.