WEST JAPAN RWY/S (OTCMKTS:WJRYY) saw a significant decrease in short interest in the month of August. As of August 31st, there was short interest totalling 7,000 shares, a decrease of 23.9% from the August 15th total of 9,200 shares. Based on an average daily volume of 24,500 shares, the short-interest ratio is currently 0.3 days.
A number of brokerages recently issued reports on WJRYY. Morgan Stanley downgraded WEST JAPAN RWY/S from an “overweight” rating to an “underweight” rating in a report on Wednesday, June 17th. Mizuho lowered WEST JAPAN RWY/S from a “buy” rating to a “neutral” rating in a research report on Thursday, August 6th. Finally, Zacks Investment Research downgraded WEST JAPAN RWY/S from a “hold” rating to a “sell” rating in a report on Saturday, July 4th. Two analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $95.00.
Shares of WJRYY opened at $53.60 on Thursday. WEST JAPAN RWY/S has a 1-year low of $42.17 and a 1-year high of $91.71. The company has a current ratio of 0.80, a quick ratio of 0.53 and a debt-to-equity ratio of 0.69. The firm’s 50-day moving average price is $49.32 and its 200-day moving average price is $57.80. The firm has a market capitalization of $10.26 billion, a price-to-earnings ratio of 9.16 and a beta of 0.31.
WEST JAPAN RWY/S Company Profile
West Japan Railway Company provides passenger railway transport services in Japan. The company operates through Transportation Operations, Retail Business, Real Estate Business, and Other Businesses segments. It operates a railway network that stretches across an area of approximately 104,000 square kilometers covering 18 prefectures in western Honshu and the northern tip of Kyushu comprising a total of 1,200 railway stations with an operating route length of 5,008.7 kilometers.
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