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 decrease in short interest during the month of October. As of October 31st, there was short interest totalling 900 shares, a decrease of 97.7% from the October 15th total of 39,400 shares. Based on an average daily trading volume, of 19,400 shares, the days-to-cover ratio is currently 0.0 days.

Kawasaki Heavy Industries Stock Down 0.9 %

Shares of KWHIY stock traded down $0.16 during mid-day trading on Thursday, reaching $17.09. 1,317 shares of the company were exchanged, compared to its average volume of 21,306. Kawasaki Heavy Industries has a fifty-two week low of $7.88 and a fifty-two week high of $18.50. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.63 and a current ratio of 1.09. The company has a market capitalization of $7.18 billion, a P/E ratio of 17.25 and a beta of 0.98. The business’s 50 day simple moving average is $15.81 and its 200 day simple moving average is $14.75.

Analyst Upgrades and Downgrades

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

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.