Short Interest in Ebara Co. (OTCMKTS:EBCOY) Decreases By 68.0%

Ebara Co. (OTCMKTS:EBCOY) was the target of a large decrease in short interest in July. As of July 31st, there was short interest totaling 16,990 shares, a decrease of 68.0% from the July 15th total of 53,086 shares. Based on an average daily trading volume, of 208,318 shares, the short-interest ratio is currently 0.1 days.

Ebara Stock Performance

Shares of OTCMKTS EBCOY traded down $1.74 during trading on Friday, reaching $17.00. The company had a trading volume of 38,327 shares, compared to its average volume of 148,288. Ebara has a twelve month low of $10.06 and a twelve month high of $21.77. The stock has a 50-day moving average price of $18.10 and a two-hundred day moving average price of $17.05.

Ebara (OTCMKTS:EBCOY) last issued its quarterly earnings results on Friday, August 14th. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.06).

Wall Street Analysts Forecast Growth

Separately, Smbc Nikko Sec. raised shares of Ebara to a “hold” rating in a report on Tuesday, June 16th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

About Ebara

Ebara Corporation (OTCMKTS:EBCOY) is a Tokyo?headquartered engineering firm with a history dating back to its founding in 1912 as a pump manufacturer. Over more than a century of operations, the company has expanded its expertise to encompass a broad array of industrial and environmental machinery. Ebara’s core mission centers on delivering reliable, high?performance equipment that supports critical infrastructure projects and industrial processes worldwide.

The company’s business is organized into three primary segments.