Short Interest in Ryohin Keikaku Co. Ltd. (OTCMKTS:RYKKY) Declines By 37.4%

Ryohin Keikaku Co. Ltd. (OTCMKTS:RYKKY) saw a significant decline in short interest in the month of June. As of June 30th, there was short interest totaling 1,034 shares, a decline of 37.4% from the June 15th total of 1,652 shares. Based on an average daily trading volume, of 4,174 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the company’s shares are short sold.

Ryohin Keikaku Trading Down 1.9%

OTCMKTS RYKKY opened at $13.55 on Friday. The stock has a market cap of $15.22 billion and a P/E ratio of 36.62. Ryohin Keikaku has a fifty-two week low of $8.76 and a fifty-two week high of $14.39. The stock has a 50 day simple moving average of $11.37 and a two-hundred day simple moving average of $11.05. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.56 and a current ratio of 2.87.

Ryohin Keikaku (OTCMKTS:RYKKY) last announced its earnings results on Friday, July 10th. The company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.04. The business had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.54 billion. On average, analysts forecast that Ryohin Keikaku will post 0.39 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Sanford C. Bernstein initiated coverage on shares of Ryohin Keikaku in a research report on Tuesday, May 26th. They set a “market perform” rating for the company. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Ryohin Keikaku Company Profile

Ryohin Keikaku Co, Ltd., founded in 1980 and headquartered in Tokyo, is a Japanese retailer best known for its MUJI brand. The company’s core business revolves around the design, planning, manufacturing and sale of a broad array of household and consumer products. Emphasizing simplicity, functionality and quality, Ryohin Keikaku has built a reputation for its “no‐brand” or minimalist design philosophy, which seeks to eliminate unnecessary features and branding in favor of honest materials and understated aesthetics.

The company’s product portfolio includes furniture, kitchenware, home furnishings, apparel, stationery, personal care items and a curated selection of packaged foods.