Nomura Research Institute (OTCMKTS:NRILY) Sees Significant Drop in Short Interest

Nomura Research Institute (OTCMKTS:NRILY) was the recipient of a significant decrease in short interest in the month of February. As of February 27th, there was short interest totaling 447 shares, a decrease of 97.7% from the February 12th total of 19,446 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 544,879 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily volume of 544,879 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are sold short.

Nomura Research Institute Trading Down 4.7%

NRILY opened at $27.42 on Wednesday. Nomura Research Institute has a one year low of $22.73 and a one year high of $43.20. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.08 and a quick ratio of 1.84. The business has a 50 day simple moving average of $31.86 and a two-hundred day simple moving average of $36.41. The firm has a market capitalization of $15.94 billion, a price-to-earnings ratio of 22.29, a PEG ratio of 1.93 and a beta of 0.73.

Nomura Research Institute (OTCMKTS:NRILY) last issued its quarterly earnings data on Thursday, January 29th. The company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.01. The firm had revenue of $1.33 billion for the quarter. Nomura Research Institute had a return on equity of 22.45% and a net margin of 13.17%. Analysts predict that Nomura Research Institute will post 1.04 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Citigroup raised shares of Nomura Research Institute from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 19th. Zacks Research raised shares of Nomura Research Institute from a “strong sell” rating to a “hold” rating in a report on Monday, February 16th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold”.

Nomura Research Institute Company Profile

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.