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

Nomura Research Institute (OTCMKTS:NRILY) was the target of a large decline in short interest in August. As of August 14th, there was short interest totaling 13,154 shares, a decline of 52.8% from the July 30th total of 27,886 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 37,968 shares, the days-to-cover ratio is currently 0.3 days.

Nomura Research Institute Price Performance

Nomura Research Institute stock opened at $32.71 on Friday. Nomura Research Institute has a 52 week low of $22.73 and a 52 week high of $42.93. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.49. The firm’s 50-day simple moving average is $30.50 and its 200 day simple moving average is $28.87. The firm has a market capitalization of $18.36 billion, a PE ratio of 142.22 and a beta of 0.71.

Nomura Research Institute (OTCMKTS:NRILY) last posted its earnings results on Thursday, July 30th. The company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.02). Nomura Research Institute had a net margin of 2.41% and a return on equity of 4.11%. The business had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $206.14 billion. On average, equities research analysts predict that Nomura Research Institute will post 1.38 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Zacks Research downgraded Nomura Research Institute from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold”.

About Nomura Research Institute

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.