Short Interest in Nomura Research Institute (OTCMKTS:NRILY) Declines By 96.7%

Nomura Research Institute (OTCMKTS:NRILY) was the recipient of a large drop in short interest in the month of December. As of December 31st, there was short interest totaling 597 shares, a drop of 96.7% from the December 15th total of 17,948 shares. Based on an average trading volume of 61,681 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are short sold. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 61,681 shares, the short-interest ratio is currently 0.0 days.

Nomura Research Institute Stock Up 1.4%

OTCMKTS:NRILY traded up $0.57 on Monday, reaching $40.14. The stock had a trading volume of 31,144 shares, compared to its average volume of 28,295. Nomura Research Institute has a 12-month low of $27.23 and a 12-month high of $43.20. The company has a current ratio of 1.72, a quick ratio of 1.84 and a debt-to-equity ratio of 0.44. The stock has a market cap of $23.33 billion, a P/E ratio of 33.73 and a beta of 0.70. The company has a 50-day moving average of $39.39 and a 200 day moving average of $38.96.

Nomura Research Institute (OTCMKTS:NRILY) last announced its quarterly earnings data on Thursday, October 30th. The company reported $0.33 earnings per share for the quarter. Nomura Research Institute had a net margin of 12.96% and a return on equity of 22.63%. The business had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.36 billion. On average, research analysts predict that Nomura Research Institute will post 1.04 earnings per share for the current year.

Wall Street Analysts Forecast Growth

NRILY has been the subject of several research reports. Zacks Research downgraded shares of Nomura Research Institute from a “hold” rating to a “strong sell” rating in a report on Monday, December 22nd. Citigroup upgraded shares of Nomura Research Institute from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 19th. Two equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce”.

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.