Short Interest in East Japan Railway (OTCMKTS:EJPRY) Decreases By 60.2%

East Japan Railway (OTCMKTS:EJPRY) was the recipient of a large decline in short interest in August. As of August 31st, there was short interest totalling 3,700 shares, a decline of 60.2% from the August 15th total of 9,300 shares. Based on an average daily volume of 185,800 shares, the short-interest ratio is currently 0.0 days.

EJPRY traded down $0.03 during midday trading on Friday, reaching $10.48. 144,225 shares of the company were exchanged, compared to its average volume of 75,662. The company’s fifty day moving average price is $11.05 and its 200 day moving average price is $11.66. East Japan Railway has a one year low of $8.61 and a one year high of $13.18.

Separately, The Goldman Sachs Group assumed coverage on East Japan Railway in a report on Tuesday, August 31st. They set a “neutral” rating for the company.

East Japan Railway Company Profile

East Japan Railway Co engages in the business of railway transportation services. It operates through the following segments: Transportation, Retails and Services, Real Estate and Hotels, and Others. The Transportation segment handles the transportation business centered on railway business. It also manages travel, cleaning maintenance, station operation, railway car manufacturing, and railway car maintenance businesses.

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