Short Interest in Mitsubishi Co. (OTCMKTS:MSBHF) Drops By 26.6%

Mitsubishi Co. (OTCMKTS:MSBHF) saw a large decline in short interest in June. As of June 30th, there was short interest totalling 2,456,000 shares, a decline of 26.6% from the June 15th total of 3,346,300 shares. Based on an average trading volume of 44,500 shares, the days-to-cover ratio is presently 55.2 days.

Mitsubishi Price Performance

OTCMKTS MSBHF traded down $0.26 on Monday, hitting $20.81. The company had a trading volume of 16,227 shares, compared to its average volume of 41,534. The company has a market capitalization of $46.08 billion, a PE ratio of 13.30 and a beta of 0.68. The company’s fifty day moving average price is $20.81 and its 200-day moving average price is $20.64. Mitsubishi has a 12-month low of $14.68 and a 12-month high of $24.52.

Mitsubishi (OTCMKTS:MSBHF) last announced its earnings results on Thursday, May 2nd. The company reported $0.39 earnings per share (EPS) for the quarter. The business had revenue of $32.74 billion for the quarter. On average, sell-side analysts anticipate that Mitsubishi will post 1.64 EPS for the current year.

About Mitsubishi

Mitsubishi Corporation engages in the natural gas, industrial materials and infrastructure, petroleum and chemicals, mineral resources, automotive and mobility, food and consumer industry, power solution, and urban development businesses worldwide. The Natural Gas segment engages in the development and production of natural gas/oil; and liquified natural gas business.