East Japan Railway (OTCMKTS:EJPRY) Sees Large Growth in Short Interest

East Japan Railway (OTCMKTS:EJPRYGet Free Report) was the recipient of a significant increase in short interest in the month of March. As of March 13th, there was short interest totaling 20,819 shares, an increase of 122.3% from the February 26th total of 9,367 shares. Based on an average trading volume of 228,550 shares, the days-to-cover ratio is currently 0.1 days.

East Japan Railway Price Performance

OTCMKTS EJPRY traded down $0.04 during trading hours on Friday, hitting $11.28. The company had a trading volume of 58,091 shares, compared to its average volume of 87,385. East Japan Railway has a fifty-two week low of $9.74 and a fifty-two week high of $13.59. The business has a fifty day simple moving average of $12.13 and a 200-day simple moving average of $12.39.

East Japan Railway (OTCMKTS:EJPRYGet Free Report) last posted its earnings results on Monday, February 2nd. The company reported $0.22 earnings per share (EPS) for the quarter. The company had revenue of $5.04 billion during the quarter.

Analysts Set New Price Targets

Separately, Smbc Nikko Sec. upgraded East Japan Railway to a “hold” rating in a research note on Wednesday, February 25th. One analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

View Our Latest Analysis on East Japan Railway

About East Japan Railway

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East Japan Railway Company (OTCMKTS:EJPRY) is a leading passenger railway operator in Japan, providing commuter, regional and high-speed rail services primarily across the country’s eastern corridor. Best known for its extensive network in the Tokyo metropolitan area, the company operates conventional lines as well as several Shinkansen bullet train routes, connecting the capital with prefectures to the north and northeast. Through its integrated timetable and ticketing systems, East Japan Railway delivers reliable transport solutions for daily commuters, business travelers and domestic tourists.

In addition to rail operations, the company oversees a diversified portfolio of transportation services, including intercity and long-distance bus routes, as well as regional ferry connections in coastal areas.

Further Reading

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