Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY) Sees Large Decrease in Short Interest

Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIYGet Free Report) was the recipient of a significant decline in short interest during the month of April. As of April 30th, there was short interest totaling 93,738 shares, a decline of 75.8% from the April 15th total of 387,896 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 583,243 shares, the days-to-cover ratio is currently 0.2 days.

Kawasaki Heavy Industries Trading Up 0.9%

Kawasaki Heavy Industries stock traded up $0.08 during mid-day trading on Wednesday, hitting $8.72. The company’s stock had a trading volume of 92,370 shares, compared to its average volume of 293,495. The stock’s fifty day moving average is $25.63 and its two-hundred day moving average is $30.22. The company has a current ratio of 1.12, a quick ratio of 0.67 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $18.30 billion, a PE ratio of 25.20 and a beta of 0.74. Kawasaki Heavy Industries has a 1 year low of $4.67 and a 1 year high of $9.73.

Kawasaki Heavy Industries (OTCMKTS:KWHIYGet Free Report) last announced its quarterly earnings results on Monday, February 9th. The industrial products company reported $0.68 EPS for the quarter, beating the consensus estimate of $0.28 by $0.40. The business had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.79 billion. Kawasaki Heavy Industries had a return on equity of 13.40% and a net margin of 4.74%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Zacks Research lowered shares of Kawasaki Heavy Industries from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 20th. The Goldman Sachs Group downgraded Kawasaki Heavy Industries from a “buy” rating to a “neutral” rating in a research report on Tuesday. Three analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of “Hold”.

Get Our Latest Stock Analysis on Kawasaki Heavy Industries

About Kawasaki Heavy Industries

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Kawasaki Heavy Industries, Ltd. (OTCMKTS: KWHIY) is a diversified Japanese conglomerate with core operations in shipbuilding, rolling stock, industrial machinery, aerospace and energy systems. The company traces its roots to 1896 when founder Shozo Kawasaki established a shipyard in Kobe, Japan. Today, the firm is headquartered in Kobe and Tokyo and is recognized as one of the world’s leading manufacturers of heavy equipment and engineering solutions.

In its marine division, Kawasaki Heavy Industries designs and constructs a broad range of vessels including LNG carriers, container ships and offshore support platforms.

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