Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY) Short Interest Down 75.8% in April

Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY) was the recipient of a large decrease in short interest in the month of April. As of April 30th, there was short interest totaling 93,738 shares, a decrease of 75.8% from the April 15th total of 387,896 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 583,243 shares, the short-interest ratio is presently 0.2 days.

Kawasaki Heavy Industries Stock Down 4.1%

Shares of Kawasaki Heavy Industries stock traded down $0.33 during trading hours on Friday, reaching $7.79. 166,826 shares of the company’s stock were exchanged, compared to its average volume of 290,881. The company has a 50 day moving average of $24.18 and a two-hundred day moving average of $29.91. Kawasaki Heavy Industries has a fifty-two week low of $4.67 and a fifty-two week high of $9.73. The company has a current ratio of 1.12, a quick ratio of 0.67 and a debt-to-equity ratio of 0.40. The stock has a market cap of $16.35 billion, a P/E ratio of 22.51 and a beta of 0.74.

Kawasaki Heavy Industries (OTCMKTS:KWHIY) last posted its quarterly earnings data on Monday, February 9th. The industrial products company reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.40. Kawasaki Heavy Industries had a net margin of 4.74% and a return on equity of 13.40%. The company had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.79 billion.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on KWHIY. Zacks Research downgraded shares of Kawasaki Heavy Industries from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 20th. The Goldman Sachs Group downgraded shares of Kawasaki Heavy Industries from a “buy” rating to a “neutral” rating in a research note on Tuesday. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company has an average rating of “Hold”.

Kawasaki Heavy Industries Company Profile

Kawasaki Heavy Industries, Ltd. (OTCMKTS: KWHIY) is a diversified Japanese conglomerate with core operations in shipbuilding, rolling stock, industrial machinery, aerospace and energy systems. The company traces its roots to 1896 when founder Shozo Kawasaki established a shipyard in Kobe, Japan. Today, the firm is headquartered in Kobe and Tokyo and is recognized as one of the world’s leading manufacturers of heavy equipment and engineering solutions.

In its marine division, Kawasaki Heavy Industries designs and constructs a broad range of vessels including LNG carriers, container ships and offshore support platforms.