Hitachi Ltd. (OTCMKTS:HTHIY) Stock Short Interest Report for October

Hitachi Ltd. (OTCMKTS:HTHIY) saw a large growth in short interest during the month of October. As of October 30th, there was short interest totaling 1,622,734 shares, a growth of 291.7% from the October 15th total of 414,246 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 1,151,596 shares, the short-interest ratio is presently 1.4 days.

Hitachi Stock Performance

HTHIY stock opened at $31.19 on Thursday. The company has a quick ratio of 0.83, a current ratio of 1.09 and a debt-to-equity ratio of 0.08. The business’s fifty day simple moving average is $34.51 and its two-hundred day simple moving average is $32.42. Hitachi has a twelve month low of $27.22 and a twelve month high of $39.00. The firm has a market cap of $141.46 billion, a price-to-earnings ratio of 28.59, a PEG ratio of 1.11 and a beta of 1.03.

Hitachi (OTCMKTS:HTHIY) last released its earnings results on Wednesday, October 28th. The conglomerate reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.01). The business had revenue of $18.40 billion for the quarter, compared to the consensus estimate of $18.51 billion. Hitachi had a return on equity of 10.94% and a net margin of 6.53%. Analysts predict that Hitachi will post 1.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

HTHIY has been the subject of several analyst reports. Sanford C. Bernstein assumed coverage on shares of Hitachi in a research note on Tuesday, September 15th. They issued an “outperform” rating for the company. Zacks Research cut Hitachi from a “strong-buy” rating to a “hold” rating in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Hitachi currently has a consensus rating of “Buy”.

About Hitachi

Hitachi Ltd. is a Japanese technology and industrial company that develops products, systems and services for businesses, governments and consumers. Its activities span digital services and information technology, energy systems, transportation, industrial equipment and building systems. The company supplies software, IT and systems-integration services, power-grid and energy technologies, rail vehicles and signaling systems, and industrial machinery and automation solutions. Its portfolio also includes products and services for buildings, such as elevators and escalators.