Japan Airlines Ltd (OTCMKTS:JAPSY) Sees Significant Increase in Short Interest

Japan Airlines Ltd (OTCMKTS:JAPSY) was the recipient of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 33,650 shares, an increase of 451.4% from the July 15th total of 6,103 shares. Based on an average daily volume of 54,556 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.0% of the company’s shares are sold short.

Japan Airlines Stock Up 0.5%

Shares of Japan Airlines stock opened at $9.48 on Wednesday. The stock’s 50-day moving average is $8.87 and its 200 day moving average is $8.74. Japan Airlines has a one year low of $7.55 and a one year high of $11.00. The firm has a market cap of $8.20 billion, a price-to-earnings ratio of 11.16 and a beta of 0.41. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.44 and a quick ratio of 1.38.

Japan Airlines (OTCMKTS:JAPSY) last issued its earnings results on Monday, August 3rd. The company reported $0.03 earnings per share for the quarter. Japan Airlines had a return on equity of 9.09% and a net margin of 5.68%.The business had revenue of $3.29 billion during the quarter. Equities research analysts anticipate that Japan Airlines will post 0.6 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of Japan Airlines from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. One analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy”.

Japan Airlines Company Profile

Japan Airlines (OTCMKTS:JAPSY) is the flag carrier of Japan, providing both scheduled passenger and cargo air transportation services. The company operates a comprehensive network of domestic and international flights, connecting major cities across Asia, Europe, North America and Oceania. In addition to its core passenger services, Japan Airlines offers charter operations, cargo logistics and maintenance support through its technical services division.

The airline’s network is centered on its primary hubs at Tokyo’s Haneda and Narita airports.