Kawasaki Heavy Industries, Ltd. (OTCMKTS:KWHIY) Sees Significant Growth in Short Interest

Kawasaki Heavy Industries, Ltd. (OTCMKTS:KWHIY) was the target of a large increase in short interest in October. As of October 15th, there was short interest totalling 39,400 shares, an increase of 130.4% from the September 30th total of 17,100 shares. Based on an average daily volume of 22,100 shares, the short-interest ratio is currently 1.8 days.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group raised Kawasaki Heavy Industries to a “strong-buy” rating in a research report on Thursday, September 12th.

Kawasaki Heavy Industries Trading Down 0.8 %

OTCMKTS:KWHIY opened at $15.28 on Friday. The firm has a 50-day simple moving average of $15.16 and a 200-day simple moving average of $14.40. Kawasaki Heavy Industries has a one year low of $7.88 and a one year high of $18.25. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.63 and a current ratio of 1.09.

Kawasaki Heavy Industries (OTCMKTS:KWHIY) last issued its quarterly earnings data on Tuesday, August 6th. The industrial products company reported $0.24 EPS for the quarter. The company had revenue of $2.85 billion during the quarter. Kawasaki Heavy Industries had a net margin of 1.60% and a return on equity of 4.81%. On average, equities research analysts forecast that Kawasaki Heavy Industries will post 0.88 earnings per share for the current year.

About Kawasaki Heavy Industries

Kawasaki Heavy Industries, Ltd. engages in aerospace systems, energy solution and marine engineering, precision machinery and robot, rolling stock, and motorcycle and engine businesses in Japan and internationally. It manufactures aircraft for the Japan ministry of defense; helicopters; and helicopter and jet engines for commercial aircrafts.