Short Interest in Japan Airlines Ltd (OTCMKTS:JAPSY) Declines By 82.3%

Japan Airlines Ltd (OTCMKTS:JAPSY) was the recipient of a large decline in short interest in June. As of June 15th, there was short interest totaling 24,983 shares, a decline of 82.3% from the May 31st total of 140,972 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 328,139 shares, the short-interest ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

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

Japan Airlines Price Performance

OTCMKTS JAPSY opened at $8.61 on Friday. The firm’s fifty day simple moving average is $8.17 and its two-hundred day simple moving average is $8.79. The firm has a market capitalization of $7.45 billion, a P/E ratio of 8.36 and a beta of 0.42. The company has a current ratio of 1.47, a quick ratio of 1.40 and a debt-to-equity ratio of 0.57. Japan Airlines has a 12-month low of $7.55 and a 12-month high of $11.00.

Japan Airlines (OTCMKTS:JAPSY) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.17 EPS for the quarter. The firm had revenue of $3.18 billion during the quarter. Japan Airlines had a return on equity of 10.96% and a net margin of 6.84%. Analysts forecast that Japan Airlines will post 0.6 EPS for the current fiscal year.

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.