Kajima Co. (OTCMKTS:KAJMY) Sees Large Drop in Short Interest

Kajima Co. (OTCMKTS:KAJMYGet Rating) was the recipient of a large drop in short interest in March. As of March 31st, there was short interest totalling 1,600 shares, a drop of 30.4% from the March 15th total of 2,300 shares. Based on an average daily trading volume, of 700 shares, the days-to-cover ratio is presently 2.3 days.

KAJMY traded up $0.15 during trading on Friday, reaching $11.86. The company’s stock had a trading volume of 134 shares, compared to its average volume of 1,214. The firm has a fifty day simple moving average of $12.84 and a two-hundred day simple moving average of $12.37. Kajima has a 1 year low of $10.83 and a 1 year high of $14.87.

Separately, Morgan Stanley lowered shares of Kajima from an “overweight” rating to an “equal weight” rating in a research note on Friday, January 7th.

Kajima Company Profile (Get Rating)

Kajima Corporation engages in civil engineering, building construction, and real estate development and other businesses worldwide. It provides procurement and construction services comprising sale and lease of construction equipment and materials, and subcontracting for various construction projects; ground improvement, foundation construction, and soil remediation; paving of roads, bridges, airports, etc., as well as manufacture and sale of paving materials; ocean port and coastal protection work, and geological surveying; calculation and preparation of construction plans; environmental and consulting work focused on water and waste; construction machinery manufacturing; repair and reinforcement work for civil engineering structures, and sale of repair materials; and integrated facility construction, and renovation services.

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