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

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

HORIBA Price Performance

HRIBF opened at $62.84 on Friday. HORIBA has a 52-week low of $51.03 and a 52-week high of $100.67. The stock has a market capitalization of $2.65 billion, a P/E ratio of 11.24 and a beta of 0.22. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.19 and a current ratio of 3.29. The company’s 50-day simple moving average is $63.40 and its two-hundred day simple moving average is $77.16.

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

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.