Hitachi, Ltd. (OTCMKTS:HTHIY) Short Interest Update

Hitachi, Ltd. (OTCMKTS:HTHIY) was the target of a large decline in short interest in March. As of March 15th, there was short interest totalling 350,300 shares, a decline of 19.3% from the February 28th total of 434,300 shares. Based on an average daily volume of 615,600 shares, the short-interest ratio is currently 0.6 days. Currently, 0.0% of the company’s stock are sold short.

Hitachi Stock Down 2.1 %

Shares of HTHIY traded down $0.51 on Tuesday, hitting $23.45. The company’s stock had a trading volume of 302,787 shares, compared to its average volume of 283,250. The firm’s fifty day moving average price is $36.71 and its 200-day moving average price is $45.99. Hitachi has a fifty-two week low of $16.80 and a fifty-two week high of $29.99. The company has a quick ratio of 0.81, a current ratio of 1.08 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $107.41 billion, a price-to-earnings ratio of 7.17, a P/E/G ratio of 3.43 and a beta of 0.76.

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