Short Interest in Marubeni Corp. (OTCMKTS:MARUY) Rises By 133.7%

Marubeni Corp. (OTCMKTS:MARUY) was the target of a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 5,238 shares, a growth of 133.7% from the May 31st total of 2,241 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 64,215 shares, the short-interest ratio is currently 0.1 days.

Marubeni Trading Down 1.1%

Shares of Marubeni stock traded down $3.17 during trading on Tuesday, reaching $290.40. 18,163 shares of the stock were exchanged, compared to its average volume of 29,947. The company has a quick ratio of 0.99, a current ratio of 1.37 and a debt-to-equity ratio of 0.43. The stock’s fifty day moving average is $332.58 and its 200 day moving average is $336.91. The firm has a market cap of $47.81 billion, a price-to-earnings ratio of 13.18, a price-to-earnings-growth ratio of 1.61 and a beta of 0.50. Marubeni has a 1 year low of $195.00 and a 1 year high of $426.06.

Marubeni (OTCMKTS:MARUY) last announced its quarterly earnings results on Friday, May 1st. The conglomerate reported $4.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.58 by ($0.25). The business had revenue of $13.36 billion for the quarter, compared to analysts’ expectations of $14.83 billion. Marubeni had a net margin of 6.60% and a return on equity of 13.11%. As a group, equities research analysts expect that Marubeni will post 23.86 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group lowered Marubeni from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 6th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Marubeni presently has an average rating of “Hold”.

About Marubeni

Marubeni Corporation (OTCMKTS:MARUY) is a major Japanese sogo shosha, or integrated trading and investment company, headquartered in Tokyo. The firm conducts a broad range of commercial activities that span commodity trading, project development, investment and financing, and supply-chain services. Marubeni operates through a network of subsidiaries, joint ventures and branch offices to support cross-border trade and large-scale industrial projects.

The company’s activities cover a wide set of industry sectors, including energy and power, metals and minerals, chemicals and industrial materials, food and consumer products, transportation and industrial machinery, and infrastructure.