Square Enix Holdings Co., Ltd. (OTCMKTS:SQNXF) Sees Large Growth in Short Interest

Square Enix Holdings Co., Ltd. (OTCMKTS:SQNXF) was the target of a large growth in short interest in March. As of March 31st, there was short interest totalling 183,700 shares, a growth of 71.7% from the March 15th total of 107,000 shares. Based on an average daily trading volume, of 600 shares, the days-to-cover ratio is presently 306.2 days. Approximately 0.2% of the shares of the stock are sold short.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group initiated coverage on shares of Square Enix in a report on Tuesday, March 25th. They issued a “sell” rating on the stock.

Square Enix Price Performance

Shares of OTCMKTS:SQNXF opened at $46.13 on Friday. The company has a market cap of $5.54 billion, a price-to-earnings ratio of 68.85 and a beta of 0.30. Square Enix has a one year low of $27.98 and a one year high of $49.19. The firm has a fifty day moving average price of $45.75 and a two-hundred day moving average price of $41.51.

Square Enix (OTCMKTS:SQNXF) last posted its quarterly earnings data on Monday, February 10th. The company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.24. Square Enix had a net margin of 3.52% and a return on equity of 10.63%. Equities research analysts expect that Square Enix will post 1.71 EPS for the current fiscal year.

Square Enix Company Profile

Square Enix Holdings Co, Ltd. operates in the content and service businesses in Japan and internationally. It operates through Digital Entertainment Business, Amusement Business, Publishing Business, and Rights Property Business. The company plans, develops, sells, and manages digital entertainment content primarily in the form of computer games.