ITOCHU Co. (OTCMKTS:ITOCY – Get Free Report) was the target of a large decline in short interest during the month of February. As of February 15th, there was short interest totalling 2,400 shares, a decline of 56.4% from the January 31st total of 5,500 shares. Based on an average trading volume of 106,700 shares, the days-to-cover ratio is presently 0.0 days.
Institutional Investors Weigh In On ITOCHU
A hedge fund recently bought a new stake in ITOCHU stock. SVB Wealth LLC purchased a new stake in shares of ITOCHU Co. (OTCMKTS:ITOCY – Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 4,193 shares of the company’s stock, valued at approximately $413,000. Institutional investors own 0.08% of the company’s stock.
ITOCHU Stock Down 0.7 %
Shares of ITOCY opened at $88.79 on Friday. The business’s 50 day simple moving average is $91.74 and its 200-day simple moving average is $98.46. ITOCHU has a 1 year low of $79.12 and a 1 year high of $116.50. 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 stock has a market capitalization of $63.88 billion, a price-to-earnings ratio of 11.59 and a beta of 0.74.
About ITOCHU
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.
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