The Japan Steel Works, Ltd. (OTCMKTS:JPSWY) Short Interest Down 37.5% in September

The Japan Steel Works, Ltd. (OTCMKTS:JPSWY) was the target of a significant decline in short interest during the month of September. As of September 30th, there was short interest totaling 500 shares, a decline of 37.5% from the September 15th total of 800 shares. Based on an average daily trading volume, of 400 shares, the days-to-cover ratio is presently 1.3 days. Based on an average daily trading volume, of 400 shares, the days-to-cover ratio is presently 1.3 days.

Japan Steel Works Price Performance

Shares of JPSWY stock opened at $33.66 on Friday. The stock has a 50-day moving average price of $31.86 and a 200 day moving average price of $27.60. The company has a quick ratio of 1.15, a current ratio of 2.07 and a debt-to-equity ratio of 0.23. The firm has a market cap of $5.01 billion, a price-to-earnings ratio of 39.60 and a beta of 0.65. Japan Steel Works has a 12 month low of $12.52 and a 12 month high of $39.92.

Japan Steel Works (OTCMKTS:JPSWY) last announced its quarterly earnings data on Monday, August 4th. The company reported $0.20 EPS for the quarter. The firm had revenue of $467.54 million during the quarter. Japan Steel Works had a return on equity of 9.76% and a net margin of 6.95%. Research analysts expect that Japan Steel Works will post 0.81 EPS for the current year.

Analyst Upgrades and Downgrades

JPSWY has been the subject of a number of research analyst reports. Zacks Research cut Japan Steel Works from a “strong-buy” rating to a “hold” rating in a report on Monday, September 1st. The Goldman Sachs Group initiated coverage on Japan Steel Works in a report on Thursday, September 25th. They issued a “buy” rating for the company. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Japan Steel Works Company Profile

The Japan Steel Works, Ltd. engages in the provision of industrial machinery products, and material and engineering business in Japan and internationally. It operates through Industrial Machinery Products Business, and Material and Engineering Business segments. The Industrial Machinery Products Business segment offers plastic production and processing machinery, such as pelletizers, film and sheet manufacturing equipment, and twin-screw extruders; molding machines including plastic injection molding, magnesium injection molding, and blow molding machines; and other machinery consists of excimer laser annealing systems, defense equipment, railway products, hot press devices, vacuum laminators, and deposit systems, as well as after-sales services for plastics, mobility, high-performance batteries, electronic devices, and defense applications.