Short Interest in Hitachi, Ltd. (OTCMKTS:HTHIY) Increases By 7,325.0%

Hitachi, Ltd. (OTCMKTS:HTHIY) saw a significant increase in short interest during the month of December. As of December 31st, there was short interest totalling 29,700 shares, an increase of 7,325.0% from the December 15th total of 400 shares. Based on an average trading volume of 126,800 shares, the short-interest ratio is currently 0.2 days.

Shares of OTCMKTS:HTHIY opened at $121.50 on Friday. Hitachi has a one year low of $82.24 and a one year high of $130.23. The company has a 50 day moving average of $117.62 and a 200-day moving average of $116.81. The company has a current ratio of 1.10, a quick ratio of 0.75 and a debt-to-equity ratio of 0.34.

Hitachi (OTCMKTS:HTHIY) last issued its quarterly earnings data on Wednesday, October 27th. The conglomerate reported $3.68 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.02 by $1.66. The firm had revenue of $21.82 billion during the quarter, compared to analysts’ expectations of $21.47 billion. Hitachi had a net margin of 5.84% and a return on equity of 13.65%. Research analysts forecast that Hitachi will post 11.32 EPS for the current fiscal year.

Separately, Zacks Investment Research cut shares of Hitachi from a “buy” rating to a “hold” rating in a research report on Thursday, December 30th.

About Hitachi

Hitachi Ltd. engages in the manufacture and sale of electrical equipment. It operates through the following segments: IT, Energy, Industry, Mobility, Life, Hitachi High Technologies, Hitachi Construction Machinery, Hitachi Metals, Hitachi Chemical and Others. The IT segment handles system integration, consulting, control system, cloud service, software, IT products such as storage and servers, and automated teller machines.

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