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

Mitsui & Co. (OTCMKTS:MITSY) saw a significant growth in short interest in July. As of July 31st, there was short interest totaling 3,570 shares, a growth of 84.3% from the July 15th total of 1,937 shares. Based on an average trading volume of 21,176 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the company’s shares are short sold.

Mitsui & Co. Stock Down 1.6%

Shares of MITSY traded down $10.13 during mid-day trading on Friday, hitting $607.12. 3,094 shares of the company’s stock were exchanged, compared to its average volume of 7,890. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.41 and a quick ratio of 1.19. Mitsui & Co. has a 52 week low of $397.36 and a 52 week high of $835.49. The company has a market cap of $86.72 billion, a PE ratio of 14.32, a P/E/G ratio of 1.30 and a beta of 0.47. The company has a 50-day simple moving average of $592.21 and a 200 day simple moving average of $682.48.

Mitsui & Co. (OTCMKTS:MITSY) last announced its quarterly earnings data on Monday, August 3rd. The industrial products company reported $13.01 EPS for the quarter, topping analysts’ consensus estimates of $9.36 by $3.65. Mitsui & Co. had a net margin of 6.22% and a return on equity of 10.56%. The business had revenue of $27.77 billion for the quarter, compared to analyst estimates of $22.29 billion. On average, research analysts forecast that Mitsui & Co. will post 40.73 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Zacks Research cut 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, the stock presently has a consensus rating of “Hold”.

Mitsui & Co. Company Profile

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.