Short Interest in Hitachi, Ltd. (OTCMKTS:HTHIY) Increases By 1,047.6%

Hitachi, Ltd. (OTCMKTS:HTHIY) was the recipient of a large increase in short interest in August. As of August 31st, there was short interest totalling 144,600 shares, an increase of 1,047.6% from the August 15th total of 12,600 shares. Based on an average trading volume of 441,900 shares, the short-interest ratio is presently 0.3 days.

Hitachi Trading Up 0.5 %

OTCMKTS:HTHIY opened at $48.70 on Friday. The stock has a market capitalization of $112.90 billion, a price-to-earnings ratio of 8.64, a PEG ratio of 1.45 and a beta of 0.82. Hitachi has a 52 week low of $23.04 and a 52 week high of $50.25. The company has a quick ratio of 0.90, a current ratio of 1.22 and a debt-to-equity ratio of 0.16. The firm has a 50 day moving average of $53.43 and a 200 day moving average of $51.19.

Hitachi (OTCMKTS:HTHIY) last issued its quarterly earnings results on Wednesday, July 31st. The conglomerate reported $2.43 earnings per share for the quarter, topping the consensus estimate of $0.28 by $2.15. The business had revenue of $14.19 billion during the quarter. Hitachi had a return on equity of 11.90% and a net margin of 7.21%. As a group, sell-side analysts anticipate that Hitachi will post 2.08 earnings per share for the current fiscal year.

Hitachi Company Profile

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.