Kura Sushi USA (NASDAQ:KRUS) Short Interest Update

Kura Sushi USA (NASDAQ:KRUS) saw a significant growth in short interest in September. As of September 30th, there was short interest totalling 236,100 shares, a growth of 23.2% from the August 30th total of 191,600 shares. Approximately 7.1% of the shares of the stock are sold short. Based on an average daily volume of 200,900 shares, the short-interest ratio is presently 1.2 days.

A number of research firms have recently weighed in on KRUS. Stephens began coverage on shares of Kura Sushi USA in a research report on Monday, August 26th. They issued an “overweight” rating and a $30.00 price objective for the company. BTIG Research began coverage on shares of Kura Sushi USA in a research report on Monday, August 26th. They issued a “buy” rating and a $30.00 price objective for the company. BMO Capital Markets began coverage on shares of Kura Sushi USA in a research report on Monday, August 26th. They issued an “outperform” rating and a $30.00 price objective for the company. Finally, Maxim Group began coverage on shares of Kura Sushi USA in a research report on Monday, September 9th. They issued a “buy” rating and a $33.00 price objective for the company.

Shares of NASDAQ:KRUS traded up $0.98 during trading on Friday, reaching $18.23. The stock had a trading volume of 48,972 shares, compared to its average volume of 113,141. The firm’s fifty day moving average is $21.22. Kura Sushi USA has a fifty-two week low of $14.75 and a fifty-two week high of $28.16.

About Kura Sushi USA

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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