Nitori Holdings Co., Ltd. (OTCMKTS:NCLTY) Sees Large Increase in Short Interest

Nitori Holdings Co., Ltd. (OTCMKTS:NCLTY) was the target of a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 105,032 shares, a growth of 184.0% from the August 15th total of 36,979 shares. Based on an average daily trading volume, of 31,898 shares, the short-interest ratio is presently 3.3 days. Approximately 0.0% of the company’s stock are short sold.

Nitori Stock Performance

Nitori stock opened at $10.52 on Friday. Nitori has a fifty-two week low of $6.90 and a fifty-two week high of $11.56. The stock’s 50 day simple moving average is $8.76 and its two-hundred day simple moving average is $8.28. The stock has a market cap of $11.89 billion, a price-to-earnings ratio of 18.79 and a beta of 0.69.

Nitori (OTCMKTS:NCLTY) last announced its earnings results on Friday, August 7th. The company reported $0.14 earnings per share (EPS) for the quarter. The firm had revenue of $1.42 billion during the quarter. On average, analysts predict that Nitori will post 2.42 earnings per share for the current year.

Nitori Company Profile

Nitori Holdings Co, Ltd. is a Japanese retailer specializing in furniture, home furnishings and interior products. Through its Nitori and related store formats, the company sells items such as sofas, beds, dining furniture, storage products, bedding, curtains, kitchenware, household goods and home décor.

The company’s business model includes product planning, procurement, manufacturing coordination, logistics and retail distribution, enabling it to offer a broad range of products under its own brands.