Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY) Sees Significant Growth in Short Interest

Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY) was the recipient of a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 73,147 shares, a growth of 1,416.0% from the September 30th total of 4,825 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average trading volume of 612,126 shares, the days-to-cover ratio is currently 0.1 days.

Kawasaki Heavy Industries Stock Performance

KWHIY stock remained flat at $5.49 during midday trading on Monday. The company’s stock had a trading volume of 628,770 shares, compared to its average volume of 363,571. Kawasaki Heavy Industries has a twelve month low of $4.99 and a twelve month high of $9.73. The company’s 50-day moving average price is $6.07 and its two-hundred day moving average price is $17.04. The company has a quick ratio of 0.70, a current ratio of 1.16 and a debt-to-equity ratio of 0.38.

Kawasaki Heavy Industries (OTCMKTS:KWHIY) last issued its earnings results on Friday, August 7th. The industrial products company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.02). The firm had revenue of $3.44 billion for the quarter, compared to analysts’ expectations of $3.33 billion.

Wall Street Analysts Forecast Growth

Separately, Sanford C. Bernstein began coverage on shares of Kawasaki Heavy Industries in a research report on Tuesday, September 15th. They issued a “hold” rating on the stock. Three equities research analysts have rated the stock with a Hold rating. Based on data from MarketBeat, Kawasaki Heavy Industries currently has a consensus rating of “Hold”.

Kawasaki Heavy Industries Company Profile

Kawasaki Heavy Industries, Ltd. is a Japanese industrial manufacturer with operations spanning transportation equipment, aerospace, energy and environmental systems, industrial machinery, and marine products. The company serves government, commercial, and industrial customers through a portfolio that includes ships, rail cars, aircraft and aerospace components, gas turbines, hydraulic equipment, industrial robots, and infrastructure systems.

Kawasaki is also associated with motorcycles and recreational products through its powersports business, which develops and sells motorcycles, all-terrain vehicles, utility vehicles, and related engines.