Komatsu Ltd. (OTCMKTS:KMTUY) Stock Short Interest Rises 796.9%

Komatsu Ltd. (OTCMKTS:KMTUY) was the recipient of a significant increase in short interest in October. As of October 15th, there was short interest totaling 331,125 shares, an increase of 796.9% from the September 30th total of 36,919 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 176,634 shares, the short-interest ratio is presently 1.9 days.

Komatsu Stock Performance

OTCMKTS KMTUY traded down $0.38 on Wednesday, reaching $43.17. The stock had a trading volume of 31,178 shares, compared to its average volume of 129,778. The stock has a market cap of $40.16 billion, a P/E ratio of 15.81, a price-to-earnings-growth ratio of 2.30 and a beta of 1.07. Komatsu has a 12-month low of $30.65 and a 12-month high of $52.74. The business’s 50-day moving average price is $46.15 and its 200 day moving average price is $43.08. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.12 and a current ratio of 1.96.

Komatsu (OTCMKTS:KMTUY) last announced its earnings results on Wednesday, July 29th. The industrial products company reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.08. Komatsu had a net margin of 8.93% and a return on equity of 10.51%. The business had revenue of $6.37 billion for the quarter, compared to analyst estimates of $6.13 billion. As a group, equities analysts expect that Komatsu will post 2.69 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. The Goldman Sachs Group raised Komatsu from a “hold” rating to a “strong-buy” rating in a report on Sunday, October 4th. Zacks Research raised Komatsu from a “strong sell” rating to a “hold” rating in a report on Monday, August 3rd. Finally, Citigroup upgraded Komatsu from a “hold” rating to a “strong-buy” rating in a report on Friday, September 25th. Two investment analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Buy”.

About Komatsu

Komatsu Ltd. is a Japan-based manufacturer of construction, mining, forestry and industrial equipment. Its product portfolio includes hydraulic excavators, wheel loaders, bulldozers, motor graders, dump trucks, underground mining machinery and other equipment used in infrastructure development, resource extraction and material handling.

The company also provides equipment parts, maintenance and repair services, fleet-management technologies and digital solutions. Its Smart Construction platform is designed to help customers plan, monitor and improve job-site operations, while Komatsu develops automation and remote-control systems for construction and mining applications.

Komatsu traces its origins to Komatsu Iron Works, established in Ishikawa Prefecture, Japan, in 1921.