Ryohin Keikaku Co. Ltd. (OTCMKTS:RYKKY) Short Interest Up 118.8% in July

Ryohin Keikaku Co. Ltd. (OTCMKTS:RYKKY) was the recipient of a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 2,262 shares, a growth of 118.8% from the June 30th total of 1,034 shares. Based on an average daily volume of 7,720 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.0% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

Separately, Sanford C. Bernstein initiated coverage on Ryohin Keikaku in a report on Tuesday, May 26th. They issued a “market perform” rating on the stock. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

Ryohin Keikaku Price Performance

Shares of RYKKY opened at $14.40 on Wednesday. The company has a quick ratio of 1.77, a current ratio of 3.00 and a debt-to-equity ratio of 0.20. Ryohin Keikaku has a twelve month low of $8.76 and a twelve month high of $14.65. The stock has a market capitalization of $16.17 billion and a P/E ratio of 38.92. The company has a 50 day moving average of $11.83 and a 200-day moving average of $11.32.

Ryohin Keikaku (OTCMKTS:RYKKY) last announced its quarterly earnings data on Friday, July 10th. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.04. The business had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.54 billion. As a group, equities research analysts forecast that Ryohin Keikaku will post 0.39 EPS for the current fiscal year.

About Ryohin Keikaku

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.