Nomura Research Institute (OTCMKTS:NRILY) Sees Significant Growth in Short Interest

Nomura Research Institute (OTCMKTS:NRILY) was the recipient of a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 13,420 shares, an increase of 405.5% from the September 30th total of 2,655 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 34,507 shares, the short-interest ratio is presently 0.4 days.

Analysts Set New Price Targets

Separately, Zacks Research raised Nomura Research Institute from a “strong sell” rating to a “hold” rating in a research report on Friday, October 16th. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Nomura Research Institute Stock Performance

OTCMKTS:NRILY opened at $39.92 on Tuesday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.62 and a quick ratio of 1.62. The firm has a market cap of $22.41 billion, a price-to-earnings ratio of 170.75 and a beta of 0.75. The firm’s fifty day moving average price is $33.41 and its 200 day moving average price is $30.62. Nomura Research Institute has a 1-year low of $22.73 and a 1-year high of $42.93.

Nomura Research Institute (OTCMKTS:NRILY) last announced its quarterly earnings data on Thursday, July 30th. The company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.02). Nomura Research Institute had a return on equity of 4.38% and a net margin of 2.41%. The firm had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $206.14 billion. On average, sell-side analysts expect that Nomura Research Institute will post 1.38 EPS for the current year.

About Nomura Research Institute

Nomura Research Institute, Ltd. (NRI) is a Japan-based consulting and information technology services company. It provides management consulting, technology consulting, systems integration, and digital transformation services to corporations, financial institutions, and government organizations.

NRI develops and operates technology platforms and business systems for sectors including securities, banking, insurance, retail, manufacturing, and public services. Its offerings include application development, cloud and data-center services, cybersecurity, information management, and managed technology operations.