Nitori Holdings Co., Ltd. (OTCMKTS:NCLTY) Short Interest Up 184.0% in August

Nitori Holdings Co., Ltd. (OTCMKTS:NCLTY) saw a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 105,032 shares, an increase of 184.0% from the August 15th total of 36,979 shares. Based on an average daily volume of 31,898 shares, the short-interest ratio is presently 3.3 days. Approximately 0.0% of the company’s shares are sold short.

Nitori Price Performance

NCLTY opened at $10.52 on Friday. Nitori has a one year low of $6.90 and a one year high of $11.56. The business has a 50 day simple moving average of $8.76 and a two-hundred day simple moving average of $8.28. The firm has a market capitalization of $11.89 billion, a price-to-earnings ratio of 18.79 and a beta of 0.69.

Nitori (OTCMKTS:NCLTY) last issued its quarterly earnings data on Friday, August 7th. The company reported $0.14 earnings per share for the quarter. The business had revenue of $1.42 billion during the quarter. As a group, sell-side analysts expect that Nitori will post 2.42 EPS for the current fiscal year.

About Nitori

Nitori Holdings Co, Ltd. is a Japanese retailer specializing in furniture, home furnishings and interior products. Through its Nitori and related store formats, the company sells items such as sofas, beds, dining furniture, storage products, bedding, curtains, kitchenware, household goods and home décor.

The company’s business model includes product planning, procurement, manufacturing coordination, logistics and retail distribution, enabling it to offer a broad range of products under its own brands.