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

Nomura Research Institute (OTCMKTS:NRILY) was the recipient of a large decrease in short interest during the month of April. As of April 30th, there was short interest totaling 14,212 shares, a decrease of 55.3% from the April 15th total of 31,789 shares. Based on an average daily volume of 71,109 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the shares of the stock are short sold.

Nomura Research Institute Trading Up 4.2%

OTCMKTS:NRILY traded up $1.10 during trading hours on Friday, hitting $27.51. The company had a trading volume of 50,864 shares, compared to its average volume of 45,174. The company has a 50-day moving average of $27.89 and a 200 day moving average of $33.02. The company has a market cap of $15.78 billion, a P/E ratio of 125.05, a P/E/G ratio of 1.51 and a beta of 0.64. Nomura Research Institute has a 1 year low of $22.73 and a 1 year high of $43.20.

Nomura Research Institute (OTCMKTS:NRILY) last issued its earnings results on Friday, April 24th. The company reported ($0.76) earnings per share (EPS) for the quarter, missing the consensus estimate of $31.34 by ($32.10). The company had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $227 billion. Nomura Research Institute had a net margin of 2.33% and a return on equity of 3.93%. On average, analysts forecast that Nomura Research Institute will post 1.4 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Jefferies Financial Group raised Nomura Research Institute from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 18th. Zacks Research upgraded Nomura Research Institute from a “strong sell” rating to a “hold” rating in a report on Monday, February 16th. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

About Nomura Research Institute

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.