Nitori Holdings Co., Ltd. (OTCMKTS:NCLTY) Sees Large Growth in Short Interest

Nitori Holdings Co., Ltd. (OTCMKTS:NCLTYGet Free Report) was the recipient of a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 36,979 shares, an increase of 2,795.8% from the July 30th total of 1,277 shares. Based on an average daily trading volume, of 29,357 shares, the days-to-cover ratio is currently 1.3 days. Approximately 0.0% of the company’s shares are sold short.

Nitori Stock Performance

Shares of NCLTY stock opened at $9.48 on Thursday. Nitori has a 52-week low of $6.90 and a 52-week high of $11.56. The firm has a market capitalization of $10.71 billion, a P/E ratio of 16.93 and a beta of 0.67. The stock has a 50 day moving average price of $8.11 and a 200 day moving average price of $8.28.

Nitori (OTCMKTS:NCLTYGet Free Report) last posted its quarterly earnings data on Friday, August 7th. The company reported $0.14 earnings per share (EPS) for the quarter. The business had revenue of $1.42 billion for the quarter. As a group, sell-side analysts forecast that Nitori will post 2.42 EPS for the current year.

About Nitori

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Nitori Holdings Co, Ltd. engages in the retail of furniture and interior products in Japan. It is involved in the advertising; logistics; and other activities. The company engages in insurance and clothing related businesses. Nitori Holdings Co, Ltd. was founded in 1967 and is headquartered in Tokyo, Japan.

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