Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY) Shares Shorted: Short Interest Up 1,416.0% in October

Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY) saw a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 73,147 shares, a growth of 1,416.0% from the September 30th total of 4,825 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 612,126 shares, the days-to-cover ratio is presently 0.1 days.

Kawasaki Heavy Industries Stock Performance

OTCMKTS:KWHIY opened at $5.49 on Tuesday. The company has a fifty day moving average of $6.07 and a 200-day moving average of $17.04. The firm has a market capitalization of $12.04 billion, a P/E ratio of 21.12 and a beta of 0.81. The company has a quick ratio of 0.70, a current ratio of 1.16 and a debt-to-equity ratio of 0.38. Kawasaki Heavy Industries has a twelve month low of $4.99 and a twelve month high of $9.73.

Kawasaki Heavy Industries (OTCMKTS:KWHIY) last issued its earnings results on Friday, August 7th. The industrial products company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.02). The company had revenue of $3.44 billion for the quarter, compared to analyst estimates of $3.33 billion.

Analysts Set New Price Targets

Separately, Sanford C. Bernstein assumed coverage on Kawasaki Heavy Industries in a research note on Tuesday, September 15th. They set a “hold” rating for the company. Three research analysts have rated the stock with a Hold rating. Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

About Kawasaki Heavy Industries

Kawasaki Heavy Industries, Ltd. is a Japanese industrial manufacturer with operations spanning transportation equipment, aerospace, energy and environmental systems, industrial machinery, and marine products. The company serves government, commercial, and industrial customers through a portfolio that includes ships, rail cars, aircraft and aerospace components, gas turbines, hydraulic equipment, industrial robots, and infrastructure systems.

Kawasaki is also associated with motorcycles and recreational products through its powersports business, which develops and sells motorcycles, all-terrain vehicles, utility vehicles, and related engines.