Short Interest in ITOCHU Co. (OTCMKTS:ITOCY) Grows By 139.1%

ITOCHU Co. (OTCMKTS:ITOCY) was the recipient of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 15,300 shares, a growth of 139.1% from the February 28th total of 6,400 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 122,300 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in ITOCHU stock. GAMMA Investing LLC grew its position in ITOCHU Co. (OTCMKTS:ITOCY) by 13.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,655 shares of the company’s stock after buying an additional 192 shares during the period. GAMMA Investing LLC’s holdings in ITOCHU were worth $163,000 as of its most recent SEC filing. 0.08% of the stock is owned by institutional investors.

ITOCHU Price Performance

OTCMKTS:ITOCY traded down $1.51 during trading hours on Friday, reaching $94.37. 59,376 shares of the company were exchanged, compared to its average volume of 75,292. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.41. The firm has a market cap of $67.90 billion, a PE ratio of 12.32 and a beta of 0.76. ITOCHU has a twelve month low of $79.12 and a twelve month high of $116.50. The stock’s 50-day moving average is $90.64 and its 200-day moving average is $97.63.

ITOCHU (OTCMKTS:ITOCY) last posted its quarterly earnings data on Thursday, February 6th. The company reported $2.19 EPS for the quarter. ITOCHU had a return on equity of 13.97% and a net margin of 5.93%.

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.