Nippon Yusen Kabushiki Kaisha (OTCMKTS:NPNYY) Short Interest Down 43.2% in May

Nippon Yusen Kabushiki Kaisha (OTCMKTS:NPNYY) was the recipient of a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 415 shares, a drop of 43.2% from the May 14th total of 730 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 208,447 shares, the short-interest ratio is presently 0.0 days.

Nippon Yusen Kabushiki Kaisha Trading Down 2.3%

NPNYY traded down $0.16 during trading on Monday, reaching $6.86. 82,726 shares of the company’s stock were exchanged, compared to its average volume of 112,302. The company’s fifty day moving average price is $7.14 and its 200-day moving average price is $6.86. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.88 and a current ratio of 0.95. Nippon Yusen Kabushiki Kaisha has a fifty-two week low of $6.05 and a fifty-two week high of $8.01. The firm has a market capitalization of $13.90 billion, a PE ratio of 10.24 and a beta of 0.77.

Nippon Yusen Kabushiki Kaisha (OTCMKTS:NPNYY) last posted its earnings results on Thursday, May 14th. The company reported $0.07 earnings per share (EPS) for the quarter. The company had revenue of $3.90 billion during the quarter. Nippon Yusen Kabushiki Kaisha had a return on equity of 5.69% and a net margin of 8.73%. As a group, equities analysts forecast that Nippon Yusen Kabushiki Kaisha will post 0.63 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded Nippon Yusen Kabushiki Kaisha to a “hold” rating in a research note on Thursday, May 28th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

About Nippon Yusen Kabushiki Kaisha

Nippon Yusen Kabushiki Kaisha (NYK Line) is one of the world’s oldest and largest shipping companies, tracing its roots back to 1885 when it was established in Tokyo, Japan. Over more than a century of operations, the company has grown from a modest coastal carrier into a global maritime and logistics provider. NYK is a core member of the Mitsubishi keiretsu and plays a prominent role in international trade by connecting major ports across Asia, Europe, the Americas and beyond.

The company’s principal business activities encompass sea, land and air logistics.