Short Interest in Unicharm Co. (OTCMKTS:UNICY) Declines By 39.4%

Unicharm Co. (OTCMKTS:UNICYGet Rating) was the target of a large decline in short interest during the month of April. As of April 30th, there was short interest totalling 260,000 shares, a decline of 39.4% from the April 15th total of 428,700 shares. Based on an average daily volume of 1,546,000 shares, the short-interest ratio is presently 0.2 days.

Several brokerages recently issued reports on UNICY. The Goldman Sachs Group upgraded Unicharm from a “sell” rating to a “neutral” rating in a research note on Thursday, March 31st. Zacks Investment Research lowered Unicharm from a “hold” rating to a “sell” rating in a research note on Tuesday, March 8th.

Shares of UNICY opened at $6.79 on Friday. Unicharm has a 12-month low of $6.23 and a 12-month high of $9.61. The firm has a market capitalization of $21.08 billion, a price-to-earnings ratio of 29.52 and a beta of 0.14. The stock’s 50-day moving average price is $6.96 and its 200 day moving average price is $7.75.

About Unicharm (Get Rating)

Unicharm Corporation engages in the manufacture and sale of baby and childcare, feminine care, health care, cosmetic, household, and pet care products in Japan and internationally. Its baby and child care products, including disposable diapers, swimming and training pants, night time pants, nursing pads, wet tissues, and baby wipes under the Moony and MamyPoko brands; and feminine care products comprise napkins, tampons, pantiliners, underwear for periods, and other feminine care products under the Sofy, Center-In, and Unicharm brands.

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