Short Interest in Japan Airlines Ltd (OTCMKTS:JAPSY) Declines By 46.0%

Japan Airlines Ltd (OTCMKTS:JAPSY) was the target of a significant decrease in short interest in August. As of August 14th, there was short interest totaling 18,165 shares, a decrease of 46.0% from the July 30th total of 33,650 shares. Based on an average trading volume of 36,584 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.0% of the shares of the stock are short sold.

Analysts Set New Price Targets

Separately, Zacks Research upgraded Japan Airlines from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy”.

Japan Airlines Price Performance

JAPSY remained flat at $9.51 during trading on Friday. The company’s stock had a trading volume of 19,267 shares, compared to its average volume of 19,894. Japan Airlines has a 52 week low of $7.55 and a 52 week high of $11.00. The stock has a market cap of $8.22 billion, a PE ratio of 11.19 and a beta of 0.41. The business has a fifty day simple moving average of $9.15 and a 200 day simple moving average of $8.74. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.38 and a current ratio of 1.44.

Japan Airlines (OTCMKTS:JAPSY) last announced its quarterly earnings data on Monday, August 3rd. The company reported $0.03 EPS for the quarter. The business had revenue of $3.29 billion during the quarter. Japan Airlines had a return on equity of 9.09% and a net margin of 5.68%. Equities analysts anticipate that Japan Airlines will post 0.69 earnings per share for the current year.

Japan Airlines Company Profile

Japan Airlines (OTCMKTS:JAPSY) is the flag carrier of Japan, providing both scheduled passenger and cargo air transportation services. The company operates a comprehensive network of domestic and international flights, connecting major cities across Asia, Europe, North America and Oceania. In addition to its core passenger services, Japan Airlines offers charter operations, cargo logistics and maintenance support through its technical services division.

The airline’s network is centered on its primary hubs at Tokyo’s Haneda and Narita airports.