Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY) Stock Short Interest Rises 85.7%

Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY) was the recipient of a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 21,980 shares, a growth of 85.7% from the August 31st total of 11,836 shares. Based on an average daily trading volume, of 784,251 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are short sold.

Wall Street Analysts Forecast Growth

Separately, Sanford C. Bernstein initiated coverage on Kawasaki Heavy Industries in a report on Tuesday, September 15th. They issued a “hold” rating for the company. Three equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Kawasaki Heavy Industries Trading Down 0.7%

Shares of KWHIY traded down $0.04 during mid-day trading on Wednesday, reaching $5.98. The company had a trading volume of 126,132 shares, compared to its average volume of 284,128. Kawasaki Heavy Industries has a fifty-two week low of $4.86 and a fifty-two week high of $9.73. The firm has a fifty day simple moving average of $6.51 and a 200-day simple moving average of $11.53. The stock has a market cap of $13.11 billion, a price-to-earnings ratio of 23.00 and a beta of 0.74. The company has a current ratio of 1.16, a quick ratio of 0.70 and a debt-to-equity ratio of 0.38.

Kawasaki Heavy Industries (OTCMKTS:KWHIY) last issued its earnings results on Friday, August 7th. The industrial products company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.02). Kawasaki Heavy Industries had a return on equity of 13.40% and a net margin of 4.74%.The firm had revenue of $3.44 billion during the quarter, compared to analysts’ expectations of $3.33 billion.

Kawasaki Heavy Industries Company Profile

Kawasaki Heavy Industries, Ltd. is a Japanese industrial manufacturer that develops and produces transportation equipment, industrial machinery, and infrastructure systems. Its activities include aerospace products, railway vehicles, ships and marine equipment, energy systems, hydraulic machinery, industrial robots, and motorcycles and engines.

The company supplies commercial and defense aerospace systems, including aircraft structures and components, and manufactures rolling stock for rail networks in Japan and international markets.