Short Interest in Japan Airlines Ltd (OTCMKTS:JAPSY) Drops By 75.2%

Japan Airlines Ltd (OTCMKTS:JAPSY) saw a large decline in short interest in the month of December. As of December 15th, there was short interest totaling 10,145 shares, a decline of 75.2% from the November 30th total of 40,853 shares. Based on an average trading volume of 92,118 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are sold short. Approximately 0.0% of the company’s shares are sold short. Based on an average trading volume of 92,118 shares, the days-to-cover ratio is presently 0.1 days.

Japan Airlines Stock Performance

Shares of JAPSY remained flat at $9.27 during midday trading on Friday. The stock had a trading volume of 25,242 shares, compared to its average volume of 38,040. Japan Airlines has a fifty-two week low of $7.57 and a fifty-two week high of $11.00. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.46 and a quick ratio of 1.40. The firm has a 50 day moving average price of $9.38 and a 200 day moving average price of $9.90. The company has a market capitalization of $8.09 billion, a P/E ratio of 9.76 and a beta of 0.38.

Japan Airlines (OTCMKTS:JAPSY) last released its quarterly earnings data on Thursday, October 30th. The company reported $0.31 earnings per share for the quarter. Japan Airlines had a return on equity of 11.17% and a net margin of 6.48%.The firm had revenue of $3.48 billion during the quarter. On average, sell-side analysts expect that Japan Airlines will post 0.8 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have weighed in on JAPSY. Jefferies Financial Group upgraded Japan Airlines from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 8th. Zacks Research downgraded shares of Japan Airlines from a “hold” rating to a “strong sell” rating in a research note on Wednesday, December 3rd. One research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

About Japan Airlines

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.