Itochu Corp. (OTCMKTS:ITOCY) Short Interest Update

Itochu Corp. (OTCMKTS:ITOCY) was the recipient of a large decrease in short interest in the month of December. As of December 15th, there was short interest totaling 9,671 shares, a decrease of 67.7% from the November 30th total of 29,951 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 59,074 shares, the short-interest ratio is presently 0.2 days. Based on an average daily volume of 59,074 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the shares of the company are sold short.

Hedge Funds Weigh In On Itochu

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Confluence Investment Management LLC increased its position in Itochu by 8.6% during the 3rd quarter. Confluence Investment Management LLC now owns 9,381 shares of the company’s stock worth $1,080,000 after purchasing an additional 745 shares during the period. GAMMA Investing LLC boosted its stake in shares of Itochu by 21.7% in the third quarter. GAMMA Investing LLC now owns 2,365 shares of the company’s stock valued at $272,000 after buying an additional 421 shares in the last quarter. First Horizon Advisors Inc. grew its holdings in Itochu by 38.0% during the second quarter. First Horizon Advisors Inc. now owns 454 shares of the company’s stock worth $48,000 after acquiring an additional 125 shares during the period. Finally, Salomon & Ludwin LLC raised its position in Itochu by 1,370.6% in the third quarter. Salomon & Ludwin LLC now owns 250 shares of the company’s stock worth $29,000 after acquiring an additional 233 shares in the last quarter. 0.08% of the stock is currently owned by hedge funds and other institutional investors.

Itochu Stock Performance

Shares of OTCMKTS ITOCY traded down $0.16 during midday trading on Friday, reaching $122.13. 19,550 shares of the company were exchanged, compared to its average volume of 26,383. The stock has a market cap of $87.87 billion, a P/E ratio of 13.12 and a beta of 0.71. Itochu has a 1 year low of $79.12 and a 1 year high of $127.30. The stock has a fifty day simple moving average of $119.29 and a 200 day simple moving average of $112.75. The company has a current ratio of 1.30, a quick ratio of 0.96 and a debt-to-equity ratio of 0.41.

Itochu (OTCMKTS:ITOCY) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $2.08 EPS for the quarter, missing the consensus estimate of $2.18 by ($0.10). The business had revenue of $24.06 billion during the quarter, compared to analysts’ expectations of $24.65 billion.

Itochu Company Profile

Itochu Corporation is a major Japanese trading company (sogo shosha) that operates a diversified global business spanning trading, investment and services. The company traces its roots to the 19th century and has evolved from a textile trading firm into a broad-based commercial and investment group. Its American Depositary Receipts trade over the counter under the symbol ITOCY.

Itochu conducts commodity and product trading across a wide range of sectors including textiles and apparel, machinery, metals and minerals, energy and chemicals, food and consumer products, information and communications technology, and real estate.