Ebara Co. (OTCMKTS:EBCOY) Short Interest Down 48.1% in July

Ebara Co. (OTCMKTS:EBCOY) was the recipient of a significant decline in short interest in the month of July. As of July 15th, there was short interest totaling 53,086 shares, a decline of 48.1% from the June 30th total of 102,217 shares. Based on an average daily volume of 437,166 shares, the days-to-cover ratio is presently 0.1 days.

Ebara Price Performance

Ebara stock traded down $1.01 during midday trading on Wednesday, hitting $14.75. The company’s stock had a trading volume of 32,987 shares, compared to its average volume of 153,521. Ebara has a 1-year low of $9.03 and a 1-year high of $21.77. The company has a 50-day moving average price of $18.00 and a two-hundred day moving average price of $16.84.

Ebara (OTCMKTS:EBCOY) last issued its earnings results on Friday, May 15th. The company reported $0.13 EPS for the quarter, meeting the consensus estimate of $0.13. The firm had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.52 billion.

Analysts Set New Price Targets

Separately, Smbc Nikko Sec. raised shares of Ebara to a “hold” rating in a research report on Tuesday, June 16th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

About Ebara

Ebara Corporation (OTCMKTS:EBCOY) is a Tokyo‐headquartered engineering firm with a history dating back to its founding in 1912 as a pump manufacturer. Over more than a century of operations, the company has expanded its expertise to encompass a broad array of industrial and environmental machinery. Ebara’s core mission centers on delivering reliable, high‐performance equipment that supports critical infrastructure projects and industrial processes worldwide.

The company’s business is organized into three primary segments.