Short Interest in Recruit Holdings Co., Ltd. (OTCMKTS:RCRUY) Grows By 57.9%
Recruit Holdings Co., Ltd. (OTCMKTS:RCRUY) experienced a significant increase in short interest, rising by 57.9% in August, totaling 176,700 shares. The days-to-cover ratio is currently 0.3 days based on an average daily trading volume of 529,100 shares. The stock opened at $11.31, down 2.1%, with a market cap of $88.44 billion. Analysts have a consensus "Buy" rating for the stock, with Goldman Sachs upgrading it from "hold" to "buy."
Recruit Holdings Co., Ltd. (OTCMKTS:RCRUY - Get Free Report) was the target of a large increase in short interest in the month of August. As of August 15th, there was short interest totaling 176,700 shares, anincreaseof57.9% from the July 31st total of 111,900 shares. Based on an average daily volume of 529,100 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily volume of 529,100 shares, the days-to-cover ratio is presently 0.3 days.
Recruit Stock Down 2.1%
OTCMKTS:RCRUY opened at $11.31 on Friday. The stock has a market cap of $88.44 billion, a P/E ratio of 13.31 and a beta of 1.58. Recruit has a twelve month low of $8.95 and a twelve month high of $15.97. The business's 50-day moving average price is $11.63 and its two-hundred day moving average price is $11.38.
Recruit (OTCMKTS:RCRUY - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.58 earnings per share for the quarter. The company had revenue of $6.08 billion for the quarter, compared to analysts' expectations of $6.13 billion. Recruit had a return on equity of 26.14% and a net margin of 12.00%. On average, equities research analysts expect that Recruit will post 0.36 EPS for the current fiscal year.
Analysts Set New Price Targets
Separately, The Goldman Sachs Group upgraded Recruit from a "hold" rating to a "buy" rating in a research note on Sunday, July 27th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy".
Read Our Latest Report on RCRUY
About Recruit
(Get Free Report)Recruit Holdings Co, Ltd. provides HR technology and business solutions that transforms the world of work. It operates through three segments: HR Technology, Matching & Solutions, and Staffing. The HR Technology segment provides various technological solutions that help job seekers and employers in navigating hiring and recruitment.
See Also
- Five stocks we like better than Recruit
- Asset Allocation: The Key to a Successful Portfolio. Are You Paying Attention to Yours?
- Spire Global: Tiny Satellites, Big Buy Ratings and Upside
- What is the MACD Indicator and How to Use it in Your Trading
- Energy Fuels: Is This America's Most Strategic Stock?
- TSX Venture Exchange (Formerly Canadian Venture Exchange)
- Silver and Gold Break Out—3 Names to Ride The Wave
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Should You Invest $1,000 in Recruit Right Now?
Before you consider Recruit, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Recruit wasn't on the list.
While Recruit currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
