Short Interest in Nomura Research Institute (OTCMKTS:NRILY) Drops By 96.7%

Nomura Research Institute (OTCMKTS:NRILY) was the target of a large decline in short interest in December. As of December 31st, there was short interest totaling 597 shares, a decline of 96.7% from the December 15th total of 17,948 shares. Based on an average trading volume of 61,681 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are short sold. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 61,681 shares, the short-interest ratio is currently 0.0 days.

Nomura Research Institute Stock Up 1.4%

Shares of NRILY stock traded up $0.57 during trading hours on Monday, reaching $40.14. The company had a trading volume of 31,144 shares, compared to its average volume of 28,295. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.72 and a quick ratio of 1.84. The company has a market cap of $23.33 billion, a price-to-earnings ratio of 33.73 and a beta of 0.70. Nomura Research Institute has a 12 month low of $27.23 and a 12 month high of $43.20. The business has a fifty day simple moving average of $39.39 and a 200-day simple moving average of $38.96.

Nomura Research Institute (OTCMKTS:NRILY) last issued its quarterly earnings results on Thursday, October 30th. The company reported $0.33 earnings per share (EPS) for the quarter. The company had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.36 billion. Nomura Research Institute had a net margin of 12.96% and a return on equity of 22.63%. On average, research analysts expect that Nomura Research Institute will post 1.04 earnings per share for the current fiscal year.

Analysts Set New Price Targets

NRILY has been the subject of a number of analyst reports. Zacks Research lowered shares of Nomura Research Institute from a “hold” rating to a “strong sell” rating in a report on Monday, December 22nd. Citigroup raised shares of Nomura Research Institute from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 19th. Two equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Nomura Research Institute currently has a consensus rating of “Reduce”.

About Nomura Research Institute

Nomura Research Institute, Ltd. (NRI) is a Tokyo-based provider of management consulting and information technology services. Founded in 1965, the firm combines industry research, strategic advisory and systems development to help corporate and public-sector clients address complex business and technology challenges. NRI is known for integrating consulting insight with large-scale system integration, outsourcing and software solutions to support digital transformation initiatives.

NRI’s core activities include management and IT consulting, system integration, application development, and IT outsourcing.