Ajinomoto Co. (OTCMKTS:AJINY) Sees Large Drop in Short Interest

Ajinomoto Co. (OTCMKTS:AJINY) was the target of a large drop in short interest in the month of December. As of December 15th, there was short interest totaling 9,391 shares, a drop of 29.0% from the November 30th total of 13,224 shares. Based on an average daily trading volume, of 250,792 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are sold short. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 250,792 shares, the short-interest ratio is presently 0.0 days.

Ajinomoto Trading Down 1.5%

Shares of OTCMKTS AJINY opened at $21.15 on Wednesday. The firm has a 50 day moving average price of $23.83 and a two-hundred day moving average price of $26.15. The stock has a market cap of $21.08 billion, a P/E ratio of 28.20 and a beta of 0.53. Ajinomoto has a 52-week low of $16.50 and a 52-week high of $30.49. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.88 and a current ratio of 1.62.

Ajinomoto (OTCMKTS:AJINY) last issued its quarterly earnings data on Thursday, November 6th. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.08). The company had revenue of $2.43 billion for the quarter, compared to the consensus estimate of $2.66 billion.

About Ajinomoto

Ajinomoto Co, Inc is a Tokyo-based multinational food and chemical company best known for commercializing monosodium glutamate (MSG) after Professor Kikunae Ikeda identified the flavor enhancer associated with umami in the early 20th century; the company was founded in 1909. Over more than a century it has grown from its seasoning roots into a diversified group that develops, manufactures and markets food products, seasonings and ingredient solutions for both retail and foodservice customers.

Today Ajinomoto’s activities span prepared and frozen foods, retail seasonings and condiments, and a broad range of amino acid-based products and specialty chemicals.