Short Interest in Recruit Holdings Co., Ltd. (OTCMKTS:RCRUY) Drops By 82.1%

Recruit Holdings Co., Ltd. (OTCMKTS:RCRUY) was the target of a large decline in short interest during the month of August. As of August 14th, there was short interest totaling 87,856 shares, a decline of 82.1% from the July 30th total of 491,049 shares. Based on an average daily trading volume, of 721,123 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are short sold.

Recruit Stock Performance

OTCMKTS:RCRUY remained flat at $21.39 during trading hours on Thursday. 271,037 shares of the company’s stock were exchanged, compared to its average volume of 983,747. The stock has a market cap of $157.48 billion, a price-to-earnings ratio of 41.14 and a beta of 1.70. The company’s 50 day simple moving average is $16.58 and its 200 day simple moving average is $12.24. Recruit has a fifty-two week low of $7.57 and a fifty-two week high of $21.69.

Recruit (OTCMKTS:RCRUY) last released its quarterly earnings results on Friday, August 7th. The company reported $0.18 earnings per share for the quarter. The firm had revenue of $6.56 billion for the quarter, compared to analysts’ expectations of $6.19 billion. Recruit had a return on equity of 36.40% and a net margin of 14.94%. On average, equities research analysts predict that Recruit will post 0.53 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Zacks Research downgraded shares of Recruit from a “strong-buy” rating to a “hold” rating in a report on Friday, August 7th. One analyst has rated the stock with a Hold rating, According to MarketBeat, Recruit has an average rating of “Hold”.

Recruit Company Profile

Recruit Holdings Co, Ltd. (OTCMKTS: RCRUY) is a Japan-based provider of human resources and information services that operates a diversified portfolio of staffing, recruitment and consumer-facing platforms. Headquartered in Tokyo, the company builds and runs digital marketplaces and service businesses that connect employers with job seekers, support corporate HR functions, and offer related marketing and consumer services in areas such as lifestyle and local search.

The company’s principal activities include online job search and employer branding platforms, temporary and permanent staffing, recruitment process outsourcing, and HR technology solutions.