The Japan Steel Works, Ltd. (OTCMKTS:JPSWY) Sees Significant Drop in Short Interest

The Japan Steel Works, Ltd. (OTCMKTS:JPSWY) saw a large decline in short interest during the month of August. As of August 31st, there was short interest totalling 100 shares, a decline of 66.7% from the August 15th total of 300 shares. Based on an average daily trading volume, of 100 shares, the days-to-cover ratio is currently 1.0 days.

Japan Steel Works Stock Performance

Shares of Japan Steel Works stock remained flat at $16.19 on Friday. The firm has a 50-day moving average of $14.26 and a 200 day moving average of $13.00. The company has a quick ratio of 1.05, a current ratio of 1.76 and a debt-to-equity ratio of 0.08. Japan Steel Works has a one year low of $7.85 and a one year high of $16.48. The company has a market capitalization of $2.38 billion, a P/E ratio of 24.52 and a beta of 0.63.

Japan Steel Works (OTCMKTS:JPSWY) last released its earnings results on Monday, August 5th. The company reported $0.17 earnings per share (EPS) for the quarter. Japan Steel Works had a return on equity of 9.34% and a net margin of 6.27%. The business had revenue of $305.35 million during the quarter. As a group, equities research analysts anticipate that Japan Steel Works will post 0.84 earnings per share for the current fiscal year.

About Japan Steel Works

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.