Short Interest in ITOCHU Co. (OTCMKTS:ITOCY) Grows By 3,009.5%

ITOCHU Co. (OTCMKTS:ITOCY) was the recipient of a significant increase in short interest in the month of November. As of November 15th, there was short interest totalling 130,600 shares, an increase of 3,009.5% from the October 31st total of 4,200 shares. Based on an average daily volume of 169,600 shares, the days-to-cover ratio is currently 0.8 days.

ITOCHU Price Performance

ITOCY stock traded down $0.40 during trading on Wednesday, hitting $97.50. The company had a trading volume of 34,178 shares, compared to its average volume of 64,951. ITOCHU has a fifty-two week low of $77.41 and a fifty-two week high of $116.50. The firm has a market capitalization of $70.15 billion, a price-to-earnings ratio of 13.23 and a beta of 0.77. The business has a 50 day moving average of $103.04 and a 200 day moving average of $99.26. The company has a current ratio of 1.29, a quick ratio of 0.98 and a debt-to-equity ratio of 0.43.

Institutional Trading of ITOCHU

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC grew its holdings in shares of ITOCHU by 29.4% during the third quarter. GAMMA Investing LLC now owns 1,463 shares of the company’s stock valued at $157,000 after buying an additional 332 shares in the last quarter. Rhumbline Advisers boosted its position in ITOCHU by 5.1% during the 2nd quarter. Rhumbline Advisers now owns 11,001 shares of the company’s stock worth $1,082,000 after acquiring an additional 535 shares during the period. First Horizon Advisors Inc. purchased a new position in ITOCHU during the 2nd quarter valued at about $28,000. Finally, Confluence Investment Management LLC increased its holdings in shares of ITOCHU by 2.0% in the 2nd quarter. Confluence Investment Management LLC now owns 8,552 shares of the company’s stock valued at $841,000 after purchasing an additional 165 shares during the period. 0.08% of the stock is owned by institutional investors and hedge funds.

About ITOCHU

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.