Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY) Short Interest Down 75.8% in April

Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY) was the recipient of a large drop in short interest in April. As of April 30th, there was short interest totaling 93,738 shares, a drop of 75.8% from the April 15th total of 387,896 shares. Based on an average daily trading volume, of 583,243 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the shares of the stock are sold short.

Analysts Set New Price Targets

Several equities research analysts recently commented on KWHIY shares. Zacks Research lowered shares of Kawasaki Heavy Industries from a “strong-buy” rating to a “hold” rating in a report on Friday, February 20th. The Goldman Sachs Group downgraded shares of Kawasaki Heavy Industries from a “buy” rating to a “neutral” rating in a report on Tuesday. Three equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Kawasaki Heavy Industries Price Performance

OTCMKTS:KWHIY traded up $0.08 during trading hours on Wednesday, hitting $8.72. 92,370 shares of the stock were exchanged, compared to its average volume of 293,495. The firm’s fifty day moving average price is $25.63 and its 200 day moving average price is $30.22. Kawasaki Heavy Industries has a 52-week low of $4.67 and a 52-week high of $9.73. The company has a market cap of $18.30 billion, a P/E ratio of 25.20 and a beta of 0.74. The company has a current ratio of 1.12, a quick ratio of 0.67 and a debt-to-equity ratio of 0.40.

Kawasaki Heavy Industries (OTCMKTS:KWHIY) last released its earnings results on Monday, February 9th. The industrial products company reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.40. Kawasaki Heavy Industries had a return on equity of 13.40% and a net margin of 4.74%.The business had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.79 billion.

About Kawasaki Heavy Industries

Kawasaki Heavy Industries, Ltd. (OTCMKTS: KWHIY) is a diversified Japanese conglomerate with core operations in shipbuilding, rolling stock, industrial machinery, aerospace and energy systems. The company traces its roots to 1896 when founder Shozo Kawasaki established a shipyard in Kobe, Japan. Today, the firm is headquartered in Kobe and Tokyo and is recognized as one of the world’s leading manufacturers of heavy equipment and engineering solutions.

In its marine division, Kawasaki Heavy Industries designs and constructs a broad range of vessels including LNG carriers, container ships and offshore support platforms.