Hitachi, Ltd. (OTCMKTS:HTHIY) Sees Large Increase in Short Interest

Hitachi, Ltd. (OTCMKTS:HTHIY) was the target of a large growth in short interest during the month of September. As of September 15th, there was short interest totalling 205,500 shares, a growth of 42.1% from the August 31st total of 144,600 shares. Based on an average trading volume of 366,600 shares, the short-interest ratio is currently 0.6 days.

Hitachi Stock Performance

HTHIY stock traded down $3.22 during midday trading on Friday, hitting $52.55. 125,716 shares of the stock traded hands, compared to its average volume of 204,818. Hitachi has a 1-year low of $23.04 and a 1-year high of $56.65. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.22 and a quick ratio of 0.90. The stock’s fifty day simple moving average is $46.86 and its 200-day simple moving average is $52.52. The firm has a market cap of $121.83 billion, a P/E ratio of 15.50, a PEG ratio of 1.40 and a beta of 0.82.

Hitachi (OTCMKTS:HTHIY) last released its quarterly earnings data on Wednesday, July 31st. The conglomerate reported $2.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $2.15. Hitachi had a net margin of 7.21% and a return on equity of 11.90%. The company had revenue of $14.19 billion during the quarter. On average, analysts expect that Hitachi will post 2.1 earnings per share 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.