Idemitsu Kosan Co.,Ltd. (OTCMKTS:IDKOY) Short Interest Update

Idemitsu Kosan Co.,Ltd. (OTCMKTS:IDKOY) was the target of a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 673 shares, a growth of 90.1% from the May 14th total of 354 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 3,021 shares, the short-interest ratio is presently 0.2 days.

Wall Street Analyst Weigh In

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

Idemitsu Kosan Co.,Ltd. Stock Up 8.4%

Shares of OTCMKTS:IDKOY traded up $1.28 during trading on Monday, hitting $16.47. The stock had a trading volume of 3,893 shares, compared to its average volume of 3,534. Idemitsu Kosan Co.,Ltd. has a 12 month low of $11.20 and a 12 month high of $21.05. The company has a market capitalization of $10.07 billion and a PE ratio of 0.38. The firm’s fifty day moving average is $17.98 and its 200 day moving average is $17.27.

About Idemitsu Kosan Co.,Ltd.

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.