Short Interest in The Japan Steel Works, Ltd. (OTCMKTS:JPSWY) Expands By 80.0%

The Japan Steel Works, Ltd. (OTCMKTS:JPSWY) saw a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 900 shares, a growth of 80.0% from the September 30th total of 500 shares. Based on an average daily volume of 900 shares, the days-to-cover ratio is presently 1.0 days. Currently, 0.0% of the company’s stock are sold short. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 900 shares, the days-to-cover ratio is presently 1.0 days.

Analyst Ratings Changes

A number of analysts have recently issued reports on JPSWY shares. Zacks Research lowered Japan Steel Works from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 1st. The Goldman Sachs Group started coverage on Japan Steel Works in a research report on Thursday, September 25th. They set a “buy” rating on the stock. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Japan Steel Works currently has a consensus rating of “Moderate Buy”.

Japan Steel Works Stock Down 14.0%

Shares of OTCMKTS JPSWY opened at $30.65 on Monday. Japan Steel Works has a 1 year low of $12.52 and a 1 year high of $39.92. The firm has a market cap of $4.56 billion, a price-to-earnings ratio of 36.06 and a beta of 0.65. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.15 and a current ratio of 2.07. The stock’s 50-day simple moving average is $32.19 and its 200-day simple moving average is $28.43.

Japan Steel Works (OTCMKTS:JPSWY) last posted its quarterly earnings results on Monday, August 4th. The company reported $0.20 EPS for the quarter. The business had revenue of $467.54 million during the quarter. Japan Steel Works had a return on equity of 9.76% and a net margin of 6.95%. As a group, equities analysts anticipate that Japan Steel Works will post 0.81 earnings per share for the current fiscal year.

Japan Steel Works Company Profile

The Japan Steel Works, Ltd. engages in the provision of industrial machinery products, and material and engineering business in Japan and internationally. It operates through Industrial Machinery Products Business, and Material and Engineering Business segments. The Industrial Machinery Products Business segment offers plastic production and processing machinery, such as pelletizers, film and sheet manufacturing equipment, and twin-screw extruders; molding machines including plastic injection molding, magnesium injection molding, and blow molding machines; and other machinery consists of excimer laser annealing systems, defense equipment, railway products, hot press devices, vacuum laminators, and deposit systems, as well as after-sales services for plastics, mobility, high-performance batteries, electronic devices, and defense applications.