Nomura Research Institute (OTCMKTS:NRILY) Short Interest Down 52.8% in August

Nomura Research Institute (OTCMKTS:NRILY) was the recipient of a large decline in short interest in August. As of August 14th, there was short interest totaling 13,154 shares, a decline of 52.8% from the July 30th total of 27,886 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 37,968 shares, the days-to-cover ratio is currently 0.3 days.

Wall Street Analysts Forecast Growth

Separately, Zacks Research lowered Nomura Research Institute from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold”.

Nomura Research Institute Price Performance

OTCMKTS:NRILY opened at $32.71 on Friday. Nomura Research Institute has a one year low of $22.73 and a one year high of $42.93. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.84 and a current ratio of 1.84. The firm has a market cap of $18.36 billion, a price-to-earnings ratio of 142.22 and a beta of 0.71. The firm’s fifty day moving average is $30.50 and its two-hundred day moving average is $28.87.

Nomura Research Institute (OTCMKTS:NRILY) last announced its quarterly earnings results on Thursday, July 30th. The company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.02). The company had revenue of $1.32 billion for the quarter, compared to analyst estimates of $206.14 billion. Nomura Research Institute had a return on equity of 4.11% and a net margin of 2.41%. Research 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 Tokyo-based provider of management consulting and information technology services. Founded in 1965, the firm combines industry research, strategic advisory and systems development to help corporate and public-sector clients address complex business and technology challenges. NRI is known for integrating consulting insight with large-scale system integration, outsourcing and software solutions to support digital transformation initiatives.

NRI’s core activities include management and IT consulting, system integration, application development, and IT outsourcing.