East Japan Railway (OTCMKTS:EJPRY) Short Interest Up 195.2% in May

East Japan Railway (OTCMKTS:EJPRY) was the target of a significant increase in short interest in May. As of May 31st, there was short interest totalling 74,400 shares, an increase of 195.2% from the May 15th total of 25,200 shares. Based on an average daily trading volume, of 90,600 shares, the days-to-cover ratio is currently 0.8 days.

East Japan Railway Price Performance

East Japan Railway stock opened at $10.44 on Friday. East Japan Railway has a 12-month low of $7.68 and a 12-month high of $11.65. The firm has a 50 day moving average of $10.71 and a 200 day moving average of $9.80.

East Japan Railway (OTCMKTS:EJPRY) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.09 earnings per share for the quarter. The firm had revenue of $4.99 billion during the quarter.

Wall Street Analyst Weigh In

Separately, Nomura Securities raised East Japan Railway to a “strong-buy” rating in a research note on Thursday, May 29th.

About East Japan Railway

East Japan Railway Company operates as a passenger railway company in Japan and internationally. The company operates through Transportation, Retail & Services, Real Estate & Hotels, and Others segments. It offers passenger railway, freight, bus transportation, travel agency, warehousing, financial, telecommunication, computer-related data, and dry cleaning, casualty insurance, and other agency services.