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

Nomura Research Institute (OTCMKTS:NRILY) saw a large decline in short interest in the month of April. As of April 30th, there was short interest totaling 14,212 shares, a decline of 55.3% from the April 15th total of 31,789 shares. Based on an average daily volume of 71,109 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the shares of the company are sold short.

Nomura Research Institute Stock Up 4.2%

Shares of NRILY traded up $1.10 on Friday, reaching $27.51. The stock had a trading volume of 50,864 shares, compared to its average volume of 131,992. The firm has a market capitalization of $15.78 billion, a PE ratio of 125.05, a PEG ratio of 1.57 and a beta of 0.64. The firm has a 50-day moving average of $27.88 and a 200 day moving average of $33.06. Nomura Research Institute has a twelve month low of $22.73 and a twelve month high of $43.20.

Nomura Research Institute (OTCMKTS:NRILY) last released its quarterly earnings results on Friday, April 24th. The company reported ($0.76) earnings per share for the quarter, missing analysts’ consensus estimates of $31.34 by ($32.10). The firm had revenue of $1.35 billion during the quarter, compared to analyst estimates of $227 billion. Nomura Research Institute had a return on equity of 3.93% and a net margin of 2.33%. On average, sell-side analysts anticipate that Nomura Research Institute will post 1.4 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have issued reports on NRILY shares. Jefferies Financial Group upgraded Nomura Research Institute from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 18th. Zacks Research upgraded Nomura Research Institute from a “strong sell” rating to a “hold” rating in a research report on Monday, February 16th. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Nomura Research Institute presently has a consensus rating of “Moderate Buy”.

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.