Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY) Short Interest Down 74.1% in July

Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY) was the recipient of a large drop in short interest in July. As of July 31st, there was short interest totaling 35,676 shares, a drop of 74.1% from the July 15th total of 137,941 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 705,628 shares, the days-to-cover ratio is currently 0.1 days.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group lowered shares of Kawasaki Heavy Industries from a “buy” rating to a “neutral” rating in a research note on Tuesday, May 12th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Kawasaki Heavy Industries Trading Up 1.3%

OTCMKTS KWHIY traded up $0.09 on Friday, hitting $7.16. 86,938 shares of the stock were exchanged, compared to its average volume of 263,250. Kawasaki Heavy Industries has a 52-week low of $4.67 and a 52-week high of $9.73. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.15 and a quick ratio of 0.73. The company has a market capitalization of $15.70 billion, a price-to-earnings ratio of 27.54 and a beta of 0.75. The company’s 50-day moving average price is $7.07 and its two-hundred day moving average price is $19.64.

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

Kawasaki Heavy Industries Company Profile

Kawasaki Heavy Industries, Ltd. (OTCMKTS: KWHIY) is a diversified Japanese conglomerate with core operations in shipbuilding, rolling stock, industrial machinery, aerospace and energy systems. The company traces its roots to 1896 when founder Shozo Kawasaki established a shipyard in Kobe, Japan. Today, the firm is headquartered in Kobe and Tokyo and is recognized as one of the world’s leading manufacturers of heavy equipment and engineering solutions.

In its marine division, Kawasaki Heavy Industries designs and constructs a broad range of vessels including LNG carriers, container ships and offshore support platforms.