Central Japan Railway (OTCMKTS:CJPRY) Sees Significant Decrease in Short Interest

Central Japan Railway (OTCMKTS:CJPRY) was the recipient of a large decline in short interest during the month of August. As of August 15th, there was short interest totalling 53,800 shares, a decline of 73.7% from the July 31st total of 204,700 shares. Based on an average daily trading volume, of 477,700 shares, the days-to-cover ratio is currently 0.1 days.

Central Japan Railway Stock Performance

OTCMKTS:CJPRY traded up $0.06 during mid-day trading on Wednesday, hitting $11.76. 84,052 shares of the company’s stock traded hands, compared to its average volume of 127,197. The company has a market capitalization of $23.14 billion, a P/E ratio of 11.64 and a beta of 0.34. The company has a fifty day moving average of $11.00 and a 200 day moving average of $11.57. Central Japan Railway has a twelve month low of $9.98 and a twelve month high of $13.53.

Central Japan Railway (OTCMKTS:CJPRY) last posted its earnings results on Tuesday, July 30th. The company reported $0.39 earnings per share (EPS) for the quarter. The business had revenue of $2.79 billion for the quarter. On average, research analysts expect that Central Japan Railway will post 1.27 earnings per share for the current fiscal year.

Central Japan Railway Company Profile

Central Japan Railway Company engages in the railway and related businesses in Japan. The company operates through Transportation, Merchandise and Other, Real Estate, and Other segments. It primarily operates Tokaido Shinkansen, a transportation artery that links metropolitan areas of Tokyo, Nagoya, and Osaka, as well as a network of 12 conventional lines centered on the Nagoya and Shizuoka areas.