Ryohin Keikaku Co. Ltd. (OTCMKTS:RYKKY) Sees Significant Decrease in Short Interest

Ryohin Keikaku Co. Ltd. (OTCMKTS:RYKKY) saw a significant decline in short interest during the month of June. As of June 30th, there was short interest totaling 1,034 shares, a decline of 37.4% from the June 15th total of 1,652 shares. Based on an average trading volume of 4,174 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

Separately, Sanford C. Bernstein started coverage on shares of Ryohin Keikaku in a research report on Tuesday, May 26th. They issued a “market perform” rating on the stock. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Ryohin Keikaku has a consensus rating of “Hold”.

Ryohin Keikaku Trading Up 6.2%

RYKKY opened at $14.39 on Friday. Ryohin Keikaku has a one year low of $8.76 and a one year high of $14.65. The company has a market cap of $16.16 billion and a P/E ratio of 38.89. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.56 and a current ratio of 2.87. The business’s 50-day simple moving average is $11.42 and its 200-day simple moving average is $11.08.

Ryohin Keikaku (OTCMKTS:RYKKY) last posted its earnings results on Friday, July 10th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.04. The business had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.54 billion. As a group, equities research analysts expect that Ryohin Keikaku will post 0.39 EPS for the current fiscal year.

Ryohin Keikaku Company Profile

Ryohin Keikaku Co, Ltd., founded in 1980 and headquartered in Tokyo, is a Japanese retailer best known for its MUJI brand. The company’s core business revolves around the design, planning, manufacturing and sale of a broad array of household and consumer products. Emphasizing simplicity, functionality and quality, Ryohin Keikaku has built a reputation for its “no‐brand” or minimalist design philosophy, which seeks to eliminate unnecessary features and branding in favor of honest materials and understated aesthetics.

The company’s product portfolio includes furniture, kitchenware, home furnishings, apparel, stationery, personal care items and a curated selection of packaged foods.