Short Interest in Japan Airlines Ltd (OTCMKTS:JAPSY) Increases By 451.4%

Japan Airlines Ltd (OTCMKTS:JAPSY) was the target of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 33,650 shares, a growth of 451.4% from the July 15th total of 6,103 shares. Based on an average daily volume of 54,556 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.0% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of Japan Airlines from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy”.

Japan Airlines Stock Performance

JAPSY traded down $0.03 during trading on Thursday, reaching $9.47. The company’s stock had a trading volume of 8,868 shares, compared to its average volume of 106,638. Japan Airlines has a 52-week low of $7.55 and a 52-week high of $11.00. The company’s fifty day moving average price is $8.90 and its 200-day moving average price is $8.74. The company has a market capitalization of $8.19 billion, a price-to-earnings ratio of 11.14 and a beta of 0.41. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.38 and a current ratio of 1.44.

Japan Airlines (OTCMKTS:JAPSY) last issued its earnings results on Monday, August 3rd. The company reported $0.03 earnings per share (EPS) for the quarter. Japan Airlines had a return on equity of 9.09% and a net margin of 5.68%.The business had revenue of $3.29 billion during the quarter. On average, equities analysts forecast that Japan Airlines will post 0.6 earnings per share for the current fiscal year.

About Japan Airlines

Japan Airlines (OTCMKTS:JAPSY) is the flag carrier of Japan, providing both scheduled passenger and cargo air transportation services. The company operates a comprehensive network of domestic and international flights, connecting major cities across Asia, Europe, North America and Oceania. In addition to its core passenger services, Japan Airlines offers charter operations, cargo logistics and maintenance support through its technical services division.

The airline’s network is centered on its primary hubs at Tokyo’s Haneda and Narita airports.