Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY) Sees Significant Decrease in Short Interest

Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY) was the recipient of a large decrease in short interest during the month of September. As of September 30th, there was short interest totaling 4,825 shares, a decrease of 78.0% from the September 15th total of 21,980 shares. Based on an average daily volume of 695,460 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are short sold.

Kawasaki Heavy Industries Stock Performance

Shares of Kawasaki Heavy Industries stock remained flat at $5.75 on Friday. 190,949 shares of the stock traded hands, compared to its average volume of 444,993. The firm has a 50-day moving average of $6.38 and a 200-day moving average of $9.77. The company has a market capitalization of $12.61 billion, a PE ratio of 22.12 and a beta of 0.81. Kawasaki Heavy Industries has a 1-year low of $4.90 and a 1-year high of $9.73. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.16 and a quick ratio of 0.70.

Kawasaki Heavy Industries (OTCMKTS:KWHIY) last issued its quarterly earnings data 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). The firm had revenue of $3.44 billion for the quarter, compared to analysts’ expectations of $3.33 billion.

Wall Street Analyst Weigh In

Separately, Sanford C. Bernstein started coverage on shares of Kawasaki Heavy Industries in a research note on Tuesday, September 15th. They issued a “hold” rating on the stock. Three analysts have rated the stock with a Hold rating. According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Kawasaki Heavy Industries Company Profile

Kawasaki Heavy Industries, Ltd. is a Japanese industrial manufacturer that develops and produces transportation equipment, industrial machinery, and infrastructure systems. Its activities include aerospace products, railway vehicles, ships and marine equipment, energy systems, hydraulic machinery, industrial robots, and motorcycles and engines.

The company supplies commercial and defense aerospace systems, including aircraft structures and components, and manufactures rolling stock for rail networks in Japan and international markets.