The Japan Steel Works, Ltd. (OTCMKTS:JPSWY) Sees Significant Drop in Short Interest

The Japan Steel Works, Ltd. (OTCMKTS:JPSWY) was the recipient of a large decrease in short interest during the month of September. As of September 15th, there was short interest totaling 113 shares, a decrease of 74.9% from the August 31st total of 451 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 160 shares, the short-interest ratio is presently 0.7 days.

Japan Steel Works Stock Performance

Japan Steel Works stock traded down $2.31 during mid-day trading on Friday, reaching $23.99. 97 shares of the company were exchanged, compared to its average volume of 62. Japan Steel Works has a twelve month low of $21.39 and a twelve month high of $40.40. The firm’s 50-day simple moving average is $23.85 and its two-hundred day simple moving average is $26.24. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.19 and a current ratio of 2.33. The firm has a market cap of $3.57 billion, a PE ratio of 26.36 and a beta of 0.35.

Japan Steel Works Company Profile

The Japan Steel Works, Ltd. (JSW) is a Japanese manufacturer of industrial machinery, steel products and related equipment. Founded in 1907 and headquartered in Tokyo, the company originally developed from a joint venture established in Muroran, Hokkaido, and has expanded into a diversified engineering and manufacturing group serving customers in Japan and international markets.

JSW’s industrial machinery operations produce equipment for plastics processing and other manufacturing applications.