Central Japan Railway Co. (OTCMKTS:CJPRY) Sees Large Increase in Short Interest

Central Japan Railway Co. (OTCMKTS:CJPRY) was the target of a large growth in short interest in June. As of June 30th, there was short interest totaling 83,056 shares, a growth of 181.7% from the June 15th total of 29,482 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 600,148 shares, the days-to-cover ratio is presently 0.1 days.

Central Japan Railway Stock Up 0.4%

OTCMKTS CJPRY traded up $0.04 on Monday, reaching $11.24. The company had a trading volume of 108,318 shares, compared to its average volume of 120,139. The company’s fifty day moving average is $10.87 and its 200-day moving average is $12.77. The firm has a market capitalization of $22.51 billion, a price-to-earnings ratio of 5.95 and a beta of 0.17. The company has a debt-to-equity ratio of 0.92, a quick ratio of 2.22 and a current ratio of 2.29. Central Japan Railway has a 1-year low of $10.03 and a 1-year high of $15.68.

Central Japan Railway (OTCMKTS:CJPRY) last released its quarterly earnings results on Wednesday, April 29th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.09. The firm had revenue of $3.08 billion for the quarter, compared to the consensus estimate of $3.10 billion. Central Japan Railway had a return on equity of 11.18% and a net margin of 27.67%. On average, research analysts forecast that Central Japan Railway will post 1.56 earnings per share for the current fiscal year.

About Central Japan Railway

Central Japan Railway Company (JR Central) is a major Japanese passenger rail operator best known for running the Tokaido Shinkansen high‑speed rail line, which connects the Tokyo, Nagoya and Osaka corridors. The company’s core activities center on intercity high‑speed transport as well as conventional commuter and regional rail services across the Chubu and Tokaido regions of central Japan. JR Central operates and maintains rolling stock, station facilities and the infrastructure necessary to deliver frequent, high‑capacity passenger service on one of the busiest rail corridors in the world.

Beyond train operations, JR Central derives revenue from a range of railway‑related businesses including station retail and commercial leases, real estate and property development around major stations, hotel and travel services, and peripheral retail and restaurant operations.