West Japan Railway (OTCMKTS:WJRYY) Sees Significant Drop in Short Interest

West Japan Railway (OTCMKTS:WJRYY) was the target of a large decrease in short interest in the month of October. As of October 15th, there was short interest totaling 2,693 shares, a decrease of 92.8% from the September 30th total of 37,264 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 39,719 shares, the days-to-cover ratio is currently 0.1 days.

Analyst Ratings Changes

Separately, Zacks Research raised West Japan Railway from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, September 29th. One analyst has rated the stock with a Strong Buy rating. Based on data from MarketBeat, the company has a consensus rating of “Strong Buy”.

West Japan Railway Stock Up 1.8%

WJRYY stock traded up $0.36 during midday trading on Monday, reaching $20.09. 5,915 shares of the company were exchanged, compared to its average volume of 16,679. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.74 and a current ratio of 1.12. West Japan Railway has a 1-year low of $15.08 and a 1-year high of $23.85. The stock’s 50-day simple moving average is $18.94 and its 200 day simple moving average is $18.90. The company has a market cap of $9.15 billion, a price-to-earnings ratio of 12.03 and a beta of 0.09.

West Japan Railway (OTCMKTS:WJRYY) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.47 by $0.06. The company had revenue of $2.69 billion for the quarter, compared to analyst estimates of $2.66 billion. West Japan Railway had a return on equity of 9.37% and a net margin of 6.41%. West Japan Railway has set its FY 2027 guidance at 1.401-1.401 EPS. On average, equities analysts forecast that West Japan Railway will post 1.43 earnings per share for the current year.

About West Japan Railway

West Japan Railway Company, also known as JR West, operates passenger railway services primarily across western Japan. Its network serves major urban and regional markets in the Kansai, Chugoku, Hokuriku, and other parts of western Honshu, connecting cities such as Osaka, Kyoto, Kobe, Hiroshima, and Kanazawa. The company operates conventional rail lines as well as high-speed Shinkansen services, including the Sanyo Shinkansen.

In addition to railway transportation, JR West provides related services such as station operations, bus transportation, and travel services.