Hitachi, Ltd. (OTCMKTS:HTHIY) Short Interest Up 22.5% in February

Hitachi, Ltd. (OTCMKTS:HTHIY) saw a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 434,300 shares, an increase of 22.5% from the February 13th total of 354,400 shares. Based on an average trading volume of 611,500 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.0% of the shares of the stock are short sold.

Hitachi Price Performance

Shares of OTCMKTS:HTHIY traded down $0.16 during trading on Wednesday, hitting $25.25. 249,206 shares of the stock were exchanged, compared to its average volume of 295,588. Hitachi has a 12-month low of $16.80 and a 12-month high of $29.99. The company has a market cap of $115.65 billion, a PE ratio of 7.72, a P/E/G ratio of 3.43 and a beta of 0.76. The company has a fifty day moving average price of $40.94 and a two-hundred day moving average price of $47.40. The company has a current ratio of 1.08, a quick ratio of 0.81 and a debt-to-equity ratio of 0.13.

Hitachi (OTCMKTS:HTHIY) last released its quarterly earnings results on Friday, January 31st. The conglomerate reported $1.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $1.52. Hitachi had a return on equity of 9.65% and a net margin of 6.03%. On average, analysts forecast that Hitachi will post 0.47 EPS for the current 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.