Central Japan Railway (OTCMKTS:CJPRY) Sees Significant Increase in Short Interest

Central Japan Railway (OTCMKTS:CJPRYGet Rating) was the target of a large growth in short interest in the month of May. As of May 15th, there was short interest totalling 45,300 shares, a growth of 432.9% from the April 30th total of 8,500 shares. Based on an average daily trading volume, of 292,800 shares, the short-interest ratio is presently 0.2 days.

Shares of Central Japan Railway stock opened at $12.99 on Thursday. The company has a debt-to-equity ratio of 1.32, a current ratio of 3.43 and a quick ratio of 3.39. The company has a 50-day moving average of $12.87 and a 200 day moving average of $13.35. The firm has a market cap of $26.76 billion, a price-to-earnings ratio of -56.48 and a beta of 0.25. Central Japan Railway has a 1 year low of $12.17 and a 1 year high of $16.71.

Separately, Zacks Investment Research raised shares of Central Japan Railway from a “sell” rating to a “hold” rating in a research report on Tuesday, April 19th.

Central Japan Railway Company Profile (Get Rating)

Central Japan Railway Company engages in the railway and related businesses in Japan. The company operates through Transportation, Merchandise and Other, Real Estate, and Other segments. It primarily operates Tokaido Shinkansen, a transportation artery that links metropolitan areas of Tokyo, Nagoya, and Osaka, as well as operates a network of 12 conventional lines centered on the Nagoya and Shizuoka areas.

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