Nomura Research Institute (OTCMKTS:NRILY) Short Interest Update

Nomura Research Institute (OTCMKTS:NRILY) saw a large increase in short interest in the month of March. As of March 31st, there was short interest totaling 75,552 shares, an increase of 119.8% from the March 15th total of 34,378 shares. Based on an average trading volume of 282,451 shares, the short-interest ratio is presently 0.3 days. Currently, 0.0% of the shares of the company are short sold.

Nomura Research Institute Trading Up 4.5%

OTCMKTS NRILY traded up $1.23 on Monday, reaching $28.80. 86,767 shares of the stock were exchanged, compared to its average volume of 160,477. Nomura Research Institute has a one year low of $22.73 and a one year high of $43.20. The firm has a market capitalization of $16.52 billion, a PE ratio of 23.41, a PEG ratio of 1.62 and a beta of 0.70. The company’s 50-day simple moving average is $26.93 and its two-hundred day simple moving average is $34.45.

Nomura Research Institute (OTCMKTS:NRILY) last announced its quarterly earnings data on Thursday, January 29th. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.01. The business had revenue of $1.33 billion during the quarter. Nomura Research Institute had a net margin of 13.17% and a return on equity of 22.45%. Sell-side analysts forecast that Nomura Research Institute will post 1.04 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on NRILY. Jefferies Financial Group upgraded shares of Nomura Research Institute from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 18th. Zacks Research upgraded shares of Nomura Research Institute from a “strong sell” rating to a “hold” rating in a research note on Monday, February 16th. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Nomura Research Institute currently has an average rating of “Moderate Buy”.

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.