Shiseido Company, Limited (OTCMKTS:SSDOY) Sees Large Increase in Short Interest

Shiseido Company, Limited (OTCMKTS:SSDOY) saw a large growth in short interest during the month of September. As of September 30th, there was short interest totalling 6,900 shares, a growth of 27.8% from the September 15th total of 5,400 shares. Based on an average trading volume of 45,600 shares, the short-interest ratio is presently 0.2 days.

A number of brokerages recently issued reports on SSDOY. CLSA cut Shiseido from an “outperform” rating to an “underperform” rating in a report on Friday, August 7th. Goldman Sachs Group cut Shiseido from a “buy” rating to a “neutral” rating in a research note on Friday, September 4th. Zacks Investment Research lowered shares of Shiseido from a “hold” rating to a “sell” rating in a research note on Friday, October 2nd. JPMorgan Chase & Co. upgraded shares of Shiseido from a “neutral” rating to an “overweight” rating in a report on Wednesday, June 24th. Finally, Jefferies Financial Group upgraded shares of Shiseido from a “hold” rating to a “buy” rating in a report on Wednesday, September 30th. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold”.

Shares of Shiseido stock traded down $0.11 during midday trading on Friday, hitting $64.41. The company’s stock had a trading volume of 39,660 shares, compared to its average volume of 59,052. Shiseido has a 1-year low of $46.66 and a 1-year high of $83.27. The company has a quick ratio of 0.82, a current ratio of 1.33 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $25.72 billion, a P/E ratio of 37.45 and a beta of 0.34. The stock has a 50-day simple moving average of $59.02 and a 200-day simple moving average of $60.30.

Shiseido (OTCMKTS:SSDOY) last announced its quarterly earnings data on Thursday, August 6th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.14). Shiseido had a positive return on equity of 3.13% and a negative net margin of 0.03%. The business had revenue of $1.78 billion during the quarter, compared to analysts’ expectations of $1.67 billion. As a group, sell-side analysts predict that Shiseido will post 0.74 earnings per share for the current year.

About Shiseido

Shiseido Company, Limited engages in the production and sale of cosmetics in Japan and internationally. The company offers fragrances; skincare products, shampoo, and other haircare products, as well as body care products; and hair care and styling products, as well as hair color and perm solutions for hair salons.

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