Short Interest in Idemitsu Kosan Co.,Ltd. (OTCMKTS:IDKOY) Decreases By 48.8%

Idemitsu Kosan Co.,Ltd. (OTCMKTS:IDKOY) was the recipient of a large decline in short interest in the month of June. As of June 30th, there was short interest totaling 288 shares, a decline of 48.8% from the June 15th total of 563 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 3,289 shares, the days-to-cover ratio is presently 0.1 days.

Idemitsu Kosan Co.,Ltd. Trading Up 4.5%

IDKOY traded up $0.69 on Friday, hitting $16.27. The company had a trading volume of 566 shares, compared to its average volume of 3,347. The company’s fifty day moving average price is $16.43 and its 200 day moving average price is $17.36. Idemitsu Kosan Co.,Ltd. has a 1 year low of $12.30 and a 1 year high of $21.05. The firm has a market cap of $9.95 billion and a P/E ratio of 0.38.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded Idemitsu Kosan Co.,Ltd. to a “hold” rating in a report on Friday, April 24th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

Idemitsu Kosan Co.,Ltd. Company Profile

Idemitsu Kosan Co, Ltd. is a Japanese energy company primarily engaged in the refining of crude oil and the production of petroleum products. Established in 1911 by Sazo Idemitsu, the company has grown into one of Japan’s leading refiners, supplying gasoline, diesel, jet fuel and kerosene to both industrial and retail customers. Its core refining operations are supported by a network of domestic refineries that process a wide range of crude oils.

In addition to its downstream refining business, Idemitsu Kosan manufactures petrochemical feedstocks used in the production of plastics, synthetic rubbers and other chemical intermediates.