Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY) Short Interest Down 67.8% in June

Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY) was the target of a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 39,260 shares, a drop of 67.8% from the May 31st total of 121,793 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 507,420 shares, the short-interest ratio is currently 0.1 days.

Kawasaki Heavy Industries Stock Down 1.5%

Shares of KWHIY traded down $0.11 on Friday, hitting $7.11. The company’s stock had a trading volume of 221,348 shares, compared to its average volume of 217,695. The firm’s fifty day moving average price is $7.75 and its 200-day moving average price is $25.40. Kawasaki Heavy Industries has a fifty-two week low of $4.67 and a fifty-two week high of $9.73. The company has a quick ratio of 0.73, a current ratio of 1.15 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $14.92 billion, a price-to-earnings ratio of 20.55 and a beta of 0.71.

Analysts Set New Price Targets

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

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.