Short Interest in Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY) Drops By 88.7%

Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY) was the recipient of a significant decrease in short interest in the month of August. As of August 14th, there was short interest totaling 4,038 shares, a decrease of 88.7% from the July 30th total of 35,676 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 267,099 shares, the days-to-cover ratio is presently 0.0 days.

Kawasaki Heavy Industries Stock Performance

Kawasaki Heavy Industries stock traded down $0.07 during midday trading on Wednesday, hitting $6.45. 88,504 shares of the company were exchanged, compared to its average volume of 272,268. The business has a fifty day simple moving average of $7.01 and a two-hundred day simple moving average of $18.18. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.73 and a current ratio of 1.15. The firm has a market capitalization of $14.14 billion, a PE ratio of 24.81 and a beta of 0.75. Kawasaki Heavy Industries has a fifty-two week low of $4.67 and a fifty-two week high of $9.73.

Kawasaki Heavy Industries (OTCMKTS:KWHIY) last announced its quarterly 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 company had revenue of $3.44 billion during the quarter, compared to analyst estimates of $3.33 billion. Kawasaki Heavy Industries had a net margin of 4.74% and a return on equity of 13.40%.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group downgraded shares of Kawasaki Heavy Industries from a “buy” rating to a “neutral” rating in a research report on Tuesday, May 12th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, Kawasaki Heavy Industries currently has an average rating of “Hold”.

About Kawasaki Heavy Industries

Kawasaki Heavy Industries, Ltd. (OTCMKTS: KWHIY) is a diversified Japanese conglomerate with core operations in shipbuilding, rolling stock, industrial machinery, aerospace and energy systems. The company traces its roots to 1896 when founder Shozo Kawasaki established a shipyard in Kobe, Japan. Today, the firm is headquartered in Kobe and Tokyo and is recognized as one of the world’s leading manufacturers of heavy equipment and engineering solutions.

In its marine division, Kawasaki Heavy Industries designs and constructs a broad range of vessels including LNG carriers, container ships and offshore support platforms.