Nomura Research Institute (OTCMKTS:NRILY) Sees Large Drop in Short Interest

Nomura Research Institute (OTCMKTS:NRILY) was the target of a significant decline in short interest during the month of February. As of February 27th, there was short interest totaling 447 shares, a decline of 97.7% from the February 12th total of 19,446 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 544,879 shares, the days-to-cover ratio is currently 0.0 days. Based on an average trading volume of 544,879 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are sold short.

Nomura Research Institute Stock Down 3.0%

Nomura Research Institute stock opened at $26.59 on Thursday. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.08 and a quick ratio of 1.84. The company’s 50-day moving average is $31.63 and its 200-day moving average is $36.34. The firm has a market capitalization of $15.46 billion, a PE ratio of 21.62, a P/E/G ratio of 1.84 and a beta of 0.73. Nomura Research Institute has a fifty-two week low of $22.73 and a fifty-two week high of $43.20.

Nomura Research Institute (OTCMKTS:NRILY) last issued its earnings results on Thursday, January 29th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.01. Nomura Research Institute had a net margin of 13.17% and a return on equity of 22.45%. The business had revenue of $1.33 billion during the quarter. Sell-side analysts anticipate that Nomura Research Institute will post 1.04 earnings per share for the current year.

Analysts Set New Price Targets

NRILY has been the subject of several recent research reports. Zacks Research raised Nomura Research Institute from a “strong sell” rating to a “hold” rating in a research report on Monday, February 16th. Citigroup raised Nomura Research Institute from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 19th. Two analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has an average rating of “Hold”.

Nomura Research Institute Company Profile

Nomura Research Institute, Ltd. (NRI) is a Tokyo-based provider of management consulting and information technology services. Founded in 1965, the firm combines industry research, strategic advisory and systems development to help corporate and public-sector clients address complex business and technology challenges. NRI is known for integrating consulting insight with large-scale system integration, outsourcing and software solutions to support digital transformation initiatives.

NRI’s core activities include management and IT consulting, system integration, application development, and IT outsourcing.