Nitori Holdings Co., Ltd. (OTCMKTS:NCLTY) Short Interest Down 91.3% in July

Nitori Holdings Co., Ltd. (OTCMKTS:NCLTY) was the recipient of a large drop in short interest in July. As of July 31st, there was short interest totaling 1,277 shares, a drop of 91.3% from the July 15th total of 14,692 shares. Based on an average daily trading volume, of 179,509 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

Nitori Stock Performance

OTCMKTS:NCLTY traded up $0.03 during mid-day trading on Tuesday, reaching $9.64. The stock had a trading volume of 10,701 shares, compared to its average volume of 163,427. The firm has a 50 day moving average price of $7.83 and a two-hundred day moving average price of $8.21. The stock has a market capitalization of $10.89 billion, a P/E ratio of 18.54 and a beta of 0.67. Nitori has a one year low of $6.90 and a one year high of $11.56.

Nitori (OTCMKTS:NCLTY) last issued its quarterly earnings results on Friday, August 7th. The company reported $0.14 EPS for the quarter. The business had revenue of $1.42 billion for the quarter. Research analysts forecast that Nitori will post 2.42 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of Nitori to a “hold” rating in a research report on Tuesday, April 14th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

Nitori Company Profile

Nitori Holdings Co, Ltd. engages in the retail of furniture and interior products in Japan. It is involved in the advertising; logistics; and other activities. The company engages in insurance and clothing related businesses. Nitori Holdings Co, Ltd. was founded in 1967 and is headquartered in Tokyo, Japan.