Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY) Short Interest Down 88.7% in August

Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY) was the target of a large decrease in short interest in August. As of August 14th, there was short interest totaling 4,038 shares, a decrease of 88.7% from the July 30th total of 35,676 shares. Based on an average daily trading volume, of 267,099 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group downgraded shares of Kawasaki Heavy Industries from a “buy” rating to a “neutral” rating in a research note on Tuesday, May 12th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat, the stock currently has a consensus rating of “Hold”.

Kawasaki Heavy Industries Trading Up 1.6%

Kawasaki Heavy Industries stock traded up $0.10 during trading hours on Thursday, reaching $6.54. 131,677 shares of the company’s stock traded hands, compared to its average volume of 271,803. The firm has a market capitalization of $14.35 billion, a price-to-earnings ratio of 25.17 and a beta of 0.75. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.73 and a current ratio of 1.15. Kawasaki Heavy Industries has a fifty-two week low of $4.67 and a fifty-two week high of $9.73. The firm’s 50 day moving average is $6.98 and its 200-day moving average is $17.98.

Kawasaki Heavy Industries (OTCMKTS:KWHIY) last posted its quarterly earnings results on Friday, August 7th. The industrial products company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.02). Kawasaki Heavy Industries had a return on equity of 13.40% and a net margin of 4.74%.The business had revenue of $3.44 billion for the quarter, compared to the consensus estimate of $3.33 billion.

About Kawasaki Heavy Industries

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.