Square Enix Holdings Co., Ltd. (OTCMKTS:SQNXF) Sees Significant Growth in Short Interest

Square Enix Holdings Co., Ltd. (OTCMKTS:SQNXF) was the target of a significant growth in short interest in May. As of May 31st, there was short interest totalling 394,800 shares, a growth of 92.6% from the May 15th total of 205,000 shares. Based on an average daily volume of 400 shares, the days-to-cover ratio is presently 987.0 days. Currently, 0.3% of the company’s stock are sold short.

Analyst Ratings Changes

Separately, The Goldman Sachs Group initiated coverage on shares of Square Enix in a research note on Tuesday, March 25th. They issued a “sell” rating on the stock.

Square Enix Stock Performance

Shares of OTCMKTS SQNXF traded up $4.59 during mid-day trading on Friday, reaching $64.00. The company had a trading volume of 105 shares, compared to its average volume of 610. Square Enix has a twelve month low of $28.00 and a twelve month high of $64.00. The stock has a market capitalization of $7.68 billion, a PE ratio of 95.52 and a beta of 0.56. The stock’s 50 day moving average is $55.65 and its 200-day moving average is $47.14.

Square Enix (OTCMKTS:SQNXF) last posted its quarterly earnings results on Wednesday, May 14th. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.15). Square Enix had a return on equity of 10.63% and a net margin of 3.52%. The company had revenue of $506.53 million during the quarter, compared to analyst estimates of $531.54 million. On average, sell-side analysts anticipate that Square Enix will post 1.71 EPS for the current year.

Square Enix Company Profile

Square Enix Holdings Co, Ltd. operates in the content and service businesses in Japan and internationally. It operates through Digital Entertainment Business, Amusement Business, Publishing Business, and Rights Property Business. The company plans, develops, sells, and manages digital entertainment content primarily in the form of computer games.