Short Interest in Kawasaki Heavy Industries, Ltd. (OTCMKTS:KWHIY) Declines By 97.7%

Kawasaki Heavy Industries, Ltd. (OTCMKTS:KWHIY) was the recipient of a significant drop in short interest in October. As of October 31st, there was short interest totalling 900 shares, a drop of 97.7% from the October 15th total of 39,400 shares. Based on an average trading volume of 19,400 shares, the days-to-cover ratio is presently 0.0 days.

Kawasaki Heavy Industries Trading Down 0.9 %

KWHIY stock traded down $0.16 during midday trading on Thursday, hitting $17.09. The company had a trading volume of 1,317 shares, compared to its average volume of 21,306. The company has a current ratio of 1.09, a quick ratio of 0.63 and a debt-to-equity ratio of 0.53. The stock has a market cap of $7.18 billion, a price-to-earnings ratio of 17.09 and a beta of 0.98. Kawasaki Heavy Industries has a 52 week low of $7.88 and a 52 week high of $18.50. The stock’s 50 day moving average price is $15.81 and its 200 day moving average price is $14.75.

Wall Street Analysts Forecast Growth

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

Kawasaki Heavy Industries Company Profile

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.