Short Interest in Kura Sushi USA (NASDAQ:KRUS) Declines By 38.2%

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Kura Sushi USA (NASDAQ:KRUS) saw a significant decrease in short interest in November. As of November 15th, there was short interest totalling 179,100 shares, a decrease of 38.2% from the October 31st total of 289,900 shares. Approximately 5.4% of the company’s shares are sold short. Based on an average daily volume of 107,100 shares, the short-interest ratio is presently 1.7 days.

NASDAQ:KRUS traded down $0.62 during mid-day trading on Wednesday, reaching $24.60. The stock had a trading volume of 67,869 shares, compared to its average volume of 117,072. The company has a quick ratio of 4.94, a current ratio of 5.01 and a debt-to-equity ratio of 0.04. Kura Sushi USA has a twelve month low of $14.75 and a twelve month high of $28.16. The firm’s 50 day moving average price is $21.04.

Kura Sushi USA (NASDAQ:KRUS) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.15 EPS for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.02. The firm had revenue of $18.75 million during the quarter.

KRUS has been the topic of a number of recent research reports. BTIG Research initiated coverage on Kura Sushi USA in a research report on Monday, August 26th. They set a “buy” rating and a $30.00 price objective on the stock. Maxim Group reissued a “buy” rating and issued a $36.00 target price on shares of Kura Sushi USA in a report on Friday, November 8th. BMO Capital Markets started coverage on shares of Kura Sushi USA in a research note on Monday, August 26th. They set an “outperform” rating and a $30.00 target price for the company. Finally, Stephens started coverage on shares of Kura Sushi USA in a research note on Monday, August 26th. They set an “overweight” rating and a $30.00 target price for the company.

Hedge funds have recently bought and sold shares of the company. California State Teachers Retirement System acquired a new stake in shares of Kura Sushi USA during the 3rd quarter valued at approximately $103,000. Boston Partners acquired a new stake in shares of Kura Sushi USA during the 3rd quarter valued at approximately $256,000. Calamos Advisors LLC acquired a new stake in shares of Kura Sushi USA during the 3rd quarter valued at approximately $1,271,000. Finally, Russell Investments Group Ltd. acquired a new stake in shares of Kura Sushi USA during the 3rd quarter valued at approximately $2,178,000. Institutional investors own 37.02% of the company’s stock.

Kura Sushi USA Company Profile

Kura Sushi USA, Inc operates revolving sushi bar restaurants in the United States. The company's restaurants offer Japanese cuisine and a revolving sushi service model. As of April 1, 2019, it operated 21 restaurants in California, Texas, Georgia, and Illinois. The company was formerly known as Kula Sushi USA, Inc and changed its name to Kura Sushi USA, Inc in October 2017.

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