East Japan Railway (OTCMKTS:EJPRY) Sees Large Drop in Short Interest

East Japan Railway (OTCMKTS:EJPRY) saw a significant decrease in short interest in the month of February. As of February 27th, there was short interest totaling 9,367 shares, a decrease of 70.7% from the February 12th total of 31,990 shares. Based on an average daily trading volume, of 164,222 shares, the short-interest ratio is presently 0.1 days. Based on an average daily trading volume, of 164,222 shares, the short-interest ratio is presently 0.1 days.

Analyst Upgrades and Downgrades

Separately, Smbc Nikko Sec. upgraded East Japan Railway to a “hold” rating in a research note on Wednesday, February 25th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, East Japan Railway has an average rating of “Buy”.

East Japan Railway Stock Performance

Shares of EJPRY stock remained flat at $11.91 on Wednesday. 24,852 shares of the stock were exchanged, compared to its average volume of 79,032. The stock’s 50 day moving average price is $12.52 and its 200-day moving average price is $12.46. East Japan Railway has a 12 month low of $9.74 and a 12 month high of $13.59.

East Japan Railway (OTCMKTS:EJPRY) last posted its quarterly earnings results on Monday, February 2nd. The company reported $0.22 EPS for the quarter. The business had revenue of $5.04 billion for the quarter.

East Japan Railway Company Profile

East Japan Railway Company (OTCMKTS:EJPRY) is a leading passenger railway operator in Japan, providing commuter, regional and high-speed rail services primarily across the country’s eastern corridor. Best known for its extensive network in the Tokyo metropolitan area, the company operates conventional lines as well as several Shinkansen bullet train routes, connecting the capital with prefectures to the north and northeast. Through its integrated timetable and ticketing systems, East Japan Railway delivers reliable transport solutions for daily commuters, business travelers and domestic tourists.

In addition to rail operations, the company oversees a diversified portfolio of transportation services, including intercity and long-distance bus routes, as well as regional ferry connections in coastal areas.