ITOCHU Co. (OTCMKTS:ITOCY) Sees Large Increase in Short Interest

ITOCHU Co. (OTCMKTS:ITOCY) saw a large increase in short interest in January. As of January 15th, there was short interest totalling 18,100 shares, an increase of 1,292.3% from the December 31st total of 1,300 shares. Based on an average daily volume of 68,100 shares, the short-interest ratio is presently 0.3 days.

Hedge Funds Weigh In On ITOCHU

An institutional investor recently raised its position in ITOCHU stock. GAMMA Investing LLC grew its holdings in shares of ITOCHU Co. (OTCMKTS:ITOCY) by 29.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,463 shares of the company’s stock after purchasing an additional 332 shares during the quarter. GAMMA Investing LLC’s holdings in ITOCHU were worth $157,000 at the end of the most recent reporting period. Institutional investors own 0.08% of the company’s stock.

ITOCHU Stock Down 0.4 %

Shares of OTCMKTS ITOCY opened at $91.75 on Thursday. ITOCHU has a 1 year low of $79.25 and a 1 year high of $116.50. The stock has a market capitalization of $66.01 billion, a P/E ratio of 12.40 and a beta of 0.75. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.31 and a quick ratio of 0.97. The company has a 50-day moving average price of $97.29 and a 200-day moving average price of $99.95.

ITOCHU (OTCMKTS:ITOCY) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $2.26 EPS for the quarter. The firm had revenue of $28.74 billion during the quarter. ITOCHU had a return on equity of 13.99% and a net margin of 5.70%. On average, equities research analysts forecast that ITOCHU will post 9.03 EPS for the current fiscal year.

ITOCHU Company Profile

ITOCHU Corporation engages in trading and importing/exporting various products worldwide. The company’s Textile segment produces and sells raw materials, threads, and textiles; and garments, home furnishings, and industrial materials, as well as trades in industrial textile and lifestyle products. Its Machinery segment engages in the plants, bridges, railways, and other infrastructure; power generation, transmission, transformation, and sale; water, environment and waste-related; ship trading; renewable and alternative energy; and waste recycling businesses.