Short Interest in Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY) Drops By 67.8%

Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY) was the recipient of a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 39,260 shares, a decline of 67.8% from the May 31st total of 121,793 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 507,420 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

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 equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Kawasaki Heavy Industries presently has a consensus rating of “Hold”.

Kawasaki Heavy Industries Trading Down 1.5%

Shares of KWHIY stock traded down $0.11 during trading hours on Friday, reaching $7.11. The company had a trading volume of 221,348 shares, compared to its average volume of 217,695. Kawasaki Heavy Industries has a 1-year low of $4.67 and a 1-year 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 firm has a market cap of $14.92 billion, a price-to-earnings ratio of 20.55 and a beta of 0.71. The company has a 50 day moving average of $7.75 and a 200 day moving average of $25.40.

About Kawasaki Heavy Industries

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.