Short Interest in Ryohin Keikaku Co. Ltd. (OTCMKTS:RYKKY) Declines By 37.4%

Ryohin Keikaku Co. Ltd. (OTCMKTS:RYKKY) was the recipient of a large decline in short interest in June. As of June 30th, there was short interest totaling 1,034 shares, a decline of 37.4% from the June 15th total of 1,652 shares. Based on an average daily trading volume, of 4,174 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

Separately, Sanford C. Bernstein initiated coverage on shares of Ryohin Keikaku in a research note on Tuesday, May 26th. They issued a “market perform” rating for the company. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of “Hold”.

Ryohin Keikaku Trading Up 6.2%

Ryohin Keikaku stock opened at $14.39 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.87 and a quick ratio of 1.56. Ryohin Keikaku has a one year low of $8.76 and a one year high of $14.65. The stock has a market capitalization of $16.16 billion and a PE ratio of 38.89. The business’s fifty day moving average is $11.42 and its 200 day moving average is $11.08.

Ryohin Keikaku (OTCMKTS:RYKKY) last issued its earnings results on Friday, July 10th. The company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.04. The business had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.54 billion. On average, sell-side analysts predict that Ryohin Keikaku will post 0.39 EPS for the current year.

About Ryohin Keikaku

Ryohin Keikaku Co, Ltd., founded in 1980 and headquartered in Tokyo, is a Japanese retailer best known for its MUJI brand. The company’s core business revolves around the design, planning, manufacturing and sale of a broad array of household and consumer products. Emphasizing simplicity, functionality and quality, Ryohin Keikaku has built a reputation for its “no‐brand” or minimalist design philosophy, which seeks to eliminate unnecessary features and branding in favor of honest materials and understated aesthetics.

The company’s product portfolio includes furniture, kitchenware, home furnishings, apparel, stationery, personal care items and a curated selection of packaged foods.