Mitsui & Co. (OTCMKTS:MITSY) Sees Significant Growth in Short Interest

Mitsui & Co. (OTCMKTS:MITSY) saw a large increase in short interest in July. As of July 15th, there was short interest totaling 1,937 shares, an increase of 264.1% from the June 30th total of 532 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 14,638 shares, the days-to-cover ratio is currently 0.1 days.

Wall Street Analysts Forecast Growth

Separately, Zacks Research lowered shares of Mitsui & Co. from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 2nd. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Mitsui & Co. currently has a consensus rating of “Hold”.

Mitsui & Co. Stock Performance

OTCMKTS MITSY traded up $5.38 during trading hours on Friday, hitting $607.61. 21,503 shares of the stock were exchanged, compared to its average volume of 7,418. The company has a quick ratio of 1.19, a current ratio of 1.41 and a debt-to-equity ratio of 0.56. The stock has a 50-day moving average of $612.30 and a 200 day moving average of $684.74. The company has a market cap of $86.79 billion, a price-to-earnings ratio of 15.73, a price-to-earnings-growth ratio of 1.11 and a beta of 0.48. Mitsui & Co. has a 12-month low of $397.36 and a 12-month high of $835.49.

Mitsui & Co. (OTCMKTS:MITSY) last posted its quarterly earnings results on Thursday, April 30th. The industrial products company reported $9.94 earnings per share for the quarter, missing analysts’ consensus estimates of $10.81 by ($0.87). The business had revenue of $23.22 billion during the quarter, compared to analysts’ expectations of $34.72 billion. Mitsui & Co. had a net margin of 5.96% and a return on equity of 9.81%. As a group, equities research analysts forecast that Mitsui & Co. will post 47.56 earnings per share for the current year.

About Mitsui & Co.

Mitsui & Co, Ltd. (OTCMKTS: MITSY) is a global sogo shosha, or general trading company, headquartered in Tokyo, Japan. Established in the aftermath of World War II, Mitsui & Co has grown into one of Japan’s largest trading houses, operating across a wide range of industries to connect producers, manufacturers and consumers around the world.

The company’s core activities include commodity trading, resource and energy development, project and infrastructure development, and strategic investing.