Nippon Yusen Kabushiki Kaisha (OTCMKTS:NPNYY) Sees Significant Growth in Short Interest

Nippon Yusen Kabushiki Kaisha (OTCMKTS:NPNYY) was the target of a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 7,662 shares, an increase of 1,746.3% from the May 31st total of 415 shares. Based on an average trading volume of 243,222 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s shares are short sold.

Nippon Yusen Kabushiki Kaisha Price Performance

Shares of NPNYY stock remained flat at $6.48 during trading hours on Friday. 178,259 shares of the company were exchanged, compared to its average volume of 126,704. The stock has a 50-day moving average price of $6.94 and a two-hundred day moving average price of $6.87. The stock has a market cap of $13.13 billion, a price-to-earnings ratio of 9.67 and a beta of 0.76. Nippon Yusen Kabushiki Kaisha has a 12-month low of $6.04 and a 12-month high of $8.01. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.99 and a quick ratio of 0.91.

Nippon Yusen Kabushiki Kaisha (OTCMKTS:NPNYY) last issued its quarterly earnings results on Thursday, May 14th. The company reported $0.07 earnings per share (EPS) for the quarter. Nippon Yusen Kabushiki Kaisha had a net margin of 8.73% and a return on equity of 5.60%. The company had revenue of $3.90 billion during the quarter. As a group, equities research analysts predict that Nippon Yusen Kabushiki Kaisha will post 0.63 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Zacks Research raised shares of Nippon Yusen Kabushiki Kaisha to a “hold” rating in a research report on Thursday, May 28th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

About Nippon Yusen Kabushiki Kaisha

Nippon Yusen Kabushiki Kaisha (NYK Line) is one of the world’s oldest and largest shipping companies, tracing its roots back to 1885 when it was established in Tokyo, Japan. Over more than a century of operations, the company has grown from a modest coastal carrier into a global maritime and logistics provider. NYK is a core member of the Mitsubishi keiretsu and plays a prominent role in international trade by connecting major ports across Asia, Europe, the Americas and beyond.

The company’s principal business activities encompass sea, land and air logistics.