Short Interest in Seven and I Holdings Co. (OTCMKTS:SVNDY) Declines By 52.4%

Seven and I Holdings Co. (OTCMKTS:SVNDY) was the recipient of a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 46,923 shares, a drop of 52.4% from the July 15th total of 98,563 shares. Based on an average trading volume of 613,647 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on SVNDY shares. Zacks Research upgraded Seven and I to a “hold” rating in a research note on Tuesday, June 16th. Sanford C. Bernstein upgraded Seven and I to a “hold” rating in a research note on Tuesday, May 26th. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Seven and I presently has a consensus rating of “Hold”.

Seven and I Price Performance

Seven and I stock traded down $0.20 during midday trading on Monday, reaching $12.77. 64,348 shares of the stock were exchanged, compared to its average volume of 253,619. The company’s fifty day moving average is $12.54 and its 200-day moving average is $12.89. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.81 and a current ratio of 0.94. The firm has a market cap of $29.63 billion, a PE ratio of 15.39 and a beta of 0.29. Seven and I has a 52 week low of $11.21 and a 52 week high of $15.65.

Seven and I (OTCMKTS:SVNDY) last posted its earnings results on Thursday, July 9th. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.11. The business had revenue of $14.65 billion for the quarter, compared to analysts’ expectations of $14.97 billion. Seven and I had a net margin of 3.03% and a return on equity of 7.87%. On average, sell-side analysts forecast that Seven and I will post 0.77 EPS for the current year.

Seven and I Company Profile

Seven & I Holdings Co, Ltd. is a Tokyo-based diversified retail holding company best known for its convenience store operations under the 7-Eleven banner. Established as a holding company in 2005 through the reorganization of legacy retail businesses, Seven & I groups a portfolio of retail and service businesses including convenience stores, supermarkets, department stores, foodservice operations, and financial services.

The company’s core activity is the development and franchising of convenience stores that offer a mix of prepared foods, grocery items, daily necessities and quick-service retail products.