Nomura Research Institute (OTCMKTS:NRILY) Short Interest Down 52.8% in August

Nomura Research Institute (OTCMKTS:NRILY) was the target of a significant drop in short interest in August. As of August 14th, there was short interest totaling 13,154 shares, a drop of 52.8% from the July 30th total of 27,886 shares. Based on an average daily trading volume, of 37,968 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.0% of the company’s stock are sold short.

Analyst Ratings Changes

Separately, Zacks Research lowered Nomura Research Institute from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Nomura Research Institute currently has an average rating of “Hold”.

Nomura Research Institute Stock Up 0.7%

Shares of Nomura Research Institute stock traded up $0.22 during trading hours on Monday, hitting $32.93. 9,463 shares of the company’s stock traded hands, compared to its average volume of 90,986. Nomura Research Institute has a twelve month low of $22.73 and a twelve month high of $42.93. The company has a market cap of $18.48 billion, a PE ratio of 143.16 and a beta of 0.71. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.49. The stock has a 50 day simple moving average of $30.50 and a 200-day simple moving average of $28.88.

Nomura Research Institute (OTCMKTS:NRILY) last released its quarterly earnings results on Thursday, July 30th. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.02). Nomura Research Institute had a return on equity of 4.11% and a net margin of 2.41%.The business had revenue of $1.32 billion during the quarter, compared to analyst estimates of $206.14 billion. Equities research analysts anticipate that Nomura Research Institute will post 1.38 earnings per share for the current fiscal year.

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.