HORIBA, Ltd. (OTCMKTS:HRIBF) Sees Significant Increase in Short Interest

HORIBA, Ltd. (OTCMKTS:HRIBF) was the target of a large increase in short interest in the month of October. As of October 15th, there was short interest totalling 33,800 shares, an increase of 6.6% from the September 30th total of 31,700 shares. Based on an average daily volume of 100 shares, the short-interest ratio is currently 338.0 days.

HORIBA Stock Performance

Shares of OTCMKTS HRIBF remained flat at $62.84 during midday trading on Thursday. The stock had a trading volume of 4 shares, compared to its average volume of 827. The stock has a market capitalization of $2.65 billion, a price-to-earnings ratio of 11.24 and a beta of 0.22. HORIBA has a 12-month low of $51.03 and a 12-month high of $100.67. The company has a quick ratio of 2.19, a current ratio of 3.29 and a debt-to-equity ratio of 0.18. The stock has a 50 day moving average price of $63.40 and a 200-day moving average price of $77.16.

HORIBA (OTCMKTS:HRIBF) last posted its quarterly earnings data on Tuesday, August 13th. The company reported $0.93 EPS for the quarter. The company had revenue of $464.86 million during the quarter. HORIBA had a return on equity of 12.45% and a net margin of 11.49%.

About HORIBA

HORIBA, Ltd. manufactures and sells instruments and systems worldwide. The company operates in five segments: Automotive, Environment/Process, Medical, Semiconductor, and Scientific. The Automotive segment offers engine emission measurement devices; in-use vehicle emission measurement devices; on-board emission measurement devices; in-vehicle exhaust gas measuring devices; driveline test systems; engine test systems; brake test systems; fuel cell test devices; battery test devices; and vehicle development engineering and test engineering services, as well as leases and manages research and development facilities.