Nomura Research Institute (OTCMKTS:NRILY) Short Interest Up 249.9% in May

Nomura Research Institute (OTCMKTS:NRILY) saw a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 15,387 shares, a growth of 249.9% from the May 14th total of 4,398 shares. Based on an average trading volume of 94,632 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

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

Nomura Research Institute Trading Down 1.5%

NRILY stock traded down $0.44 during mid-day trading on Friday, reaching $28.51. 1,201 shares of the stock traded hands, compared to its average volume of 117,979. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.49. Nomura Research Institute has a 52-week low of $22.73 and a 52-week high of $43.20. The company has a market cap of $16.35 billion, a P/E ratio of 129.59, a P/E/G ratio of 1.65 and a beta of 0.69. The stock’s fifty day moving average is $29.06 and its 200-day moving average is $31.80.

Nomura Research Institute (OTCMKTS:NRILY) last posted its quarterly earnings data on Friday, April 24th. The company reported ($0.76) EPS for the quarter, missing analysts’ consensus estimates of $31.34 by ($32.10). Nomura Research Institute had a net margin of 2.33% and a return on equity of 4.03%. The firm had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $227 billion. As a group, sell-side analysts expect that Nomura Research Institute will post 1.4 earnings per share for the current year.

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.