Short Interest in Hitachi, Ltd. (OTCMKTS:HTHIY) Grows By 1,458.3%

Hitachi, Ltd. (OTCMKTS:HTHIY) was the target of a large growth in short interest during the month of June. As of June 30th, there was short interest totalling 18,700 shares, a growth of 1,458.3% from the June 15th total of 1,200 shares. Based on an average daily volume of 66,800 shares, the short-interest ratio is presently 0.3 days.

Hitachi Stock Up 1.2 %

Shares of OTCMKTS:HTHIY traded up $0.59 during trading on Thursday, hitting $48.21. The stock had a trading volume of 265,209 shares, compared to its average volume of 206,170. Hitachi has a 12 month low of $23.04 and a 12 month high of $48.68. The company has a quick ratio of 0.90, a current ratio of 1.22 and a debt-to-equity ratio of 0.16. The firm’s fifty day moving average is $70.97 and its 200 day moving average is $46.42. The company has a market capitalization of $22.62 billion, a PE ratio of 2.84, a PEG ratio of 2.67 and a beta of 0.83.

Hitachi (OTCMKTS:HTHIY) last released its quarterly earnings results on Friday, April 26th. The conglomerate reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.10. Hitachi had a return on equity of 10.20% and a net margin of 6.01%. The firm had revenue of $16.91 billion for the quarter. Analysts anticipate that Hitachi will post 8.81 EPS for the current fiscal year.

About Hitachi

Hitachi, Ltd. provides digital system and services, green energy and mobility, and connective industry solutions in Japan and internationally. It operates through seven segments: Digital Systems & Services, Green Energy & Mobility, Connective Industries, Automotive System, Hitachi Construction Machinery, Hitachi Metals, and Others.