Ebara Co. (OTCMKTS:EBCOY) Short Interest Down 48.1% in July

Ebara Co. (OTCMKTS:EBCOY) was the target of a significant drop in short interest in July. As of July 15th, there was short interest totaling 53,086 shares, a drop of 48.1% from the June 30th total of 102,217 shares. Based on an average daily volume of 437,166 shares, the short-interest ratio is presently 0.1 days.

Ebara Price Performance

EBCOY traded down $1.01 during midday trading on Wednesday, reaching $14.75. 32,987 shares of the company were exchanged, compared to its average volume of 153,521. Ebara has a one year low of $9.03 and a one year high of $21.77. The stock’s 50-day simple moving average is $18.00 and its 200 day simple moving average is $16.84.

Ebara (OTCMKTS:EBCOY) last announced its quarterly earnings results on Friday, May 15th. The company reported $0.13 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.13. The firm had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.52 billion.

Wall Street Analyst Weigh In

Separately, Smbc Nikko Sec. upgraded Ebara to a “hold” rating in a research report on Tuesday, June 16th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Ebara has a consensus rating of “Moderate Buy”.

About Ebara

Ebara Corporation (OTCMKTS:EBCOY) is a Tokyo‐headquartered engineering firm with a history dating back to its founding in 1912 as a pump manufacturer. Over more than a century of operations, the company has expanded its expertise to encompass a broad array of industrial and environmental machinery. Ebara’s core mission centers on delivering reliable, high‐performance equipment that supports critical infrastructure projects and industrial processes worldwide.

The company’s business is organized into three primary segments.