Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY) Shares Shorted: Short Interest Up 1,416.0% in October

Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY) was the target of a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 73,147 shares, an increase of 1,416.0% from the September 30th total of 4,825 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 612,126 shares, the days-to-cover ratio is presently 0.1 days.

Kawasaki Heavy Industries Stock Down 1.2%

Shares of KWHIY stock traded down $0.07 during trading hours on Wednesday, reaching $5.46. 20,970 shares of the company traded hands, compared to its average volume of 292,751. The firm has a 50-day moving average price of $6.04 and a 200 day moving average price of $16.92. Kawasaki Heavy Industries has a 12-month low of $4.99 and a 12-month high of $9.73.

Kawasaki Heavy Industries (OTCMKTS:KWHIY) last released its earnings results on Friday, August 7th. The industrial products company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.02). The business had revenue of $3.44 billion for the quarter, compared to the consensus estimate of $3.33 billion.

Analysts Set New Price Targets

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

Kawasaki Heavy Industries Company Profile

Kawasaki Heavy Industries, Ltd. is a Japanese industrial manufacturer with operations spanning transportation equipment, aerospace, energy and environmental systems, industrial machinery, and marine products. The company serves government, commercial, and industrial customers through a portfolio that includes ships, rail cars, aircraft and aerospace components, gas turbines, hydraulic equipment, industrial robots, and infrastructure systems.

Kawasaki is also associated with motorcycles and recreational products through its powersports business, which develops and sells motorcycles, all-terrain vehicles, utility vehicles, and related engines.