The Japan Steel Works, Ltd. (OTCMKTS:JPSWY) Short Interest Down 96.2% in May

The Japan Steel Works, Ltd. (OTCMKTS:JPSWY) was the target of a large decline in short interest in the month of May. As of May 29th, there was short interest totaling 33 shares, a decline of 96.2% from the May 14th total of 872 shares. Based on an average daily volume of 1,137 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are sold short.

Japan Steel Works Stock Down 6.5%

Japan Steel Works stock traded down $1.55 during midday trading on Wednesday, hitting $22.45. 1 shares of the company were exchanged, compared to its average volume of 259. The company’s fifty day moving average price is $28.03 and its 200-day moving average price is $28.89. The company has a market cap of $3.31 billion, a PE ratio of 25.80 and a beta of 0.34. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.18 and a quick ratio of 1.19. Japan Steel Works has a fifty-two week low of $21.90 and a fifty-two week high of $40.40.

Japan Steel Works (OTCMKTS:JPSWY) last released its quarterly earnings results on Wednesday, May 13th. The company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.14 by $0.07. The firm had revenue of $466.91 million for the quarter, compared to analyst estimates of $575.14 million. Japan Steel Works had a return on equity of 8.57% and a net margin of 7.01%.

Japan Steel Works Company Profile

The Japan Steel Works, Ltd. engages in the provision of industrial machinery products, and material and engineering business in Japan and internationally. It operates through Industrial Machinery Products Business, and Material and Engineering Business segments. The Industrial Machinery Products Business segment offers plastic production and processing machinery, such as pelletizers, film and sheet manufacturing equipment, and twin-screw extruders; molding machines including plastic injection molding, magnesium injection molding, and blow molding machines; and other machinery consists of excimer laser annealing systems, defense equipment, railway products, hot press devices, vacuum laminators, and deposit systems, as well as after-sales services for plastics, mobility, high-performance batteries, electronic devices, and defense applications.