Itochu Corp. (OTCMKTS:ITOCY) Stock Short Interest Report for September

Itochu Corp. (OTCMKTS:ITOCY) saw a large decline in short interest in the month of September. As of September 30th, there was short interest totaling 71,802 shares, a decline of 74.1% from the September 15th total of 277,377 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 462,127 shares, the days-to-cover ratio is currently 0.2 days.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded Itochu from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 5th. Three research analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. According to MarketBeat, the company presently has an average rating of “Strong Buy”.

Itochu Stock Performance

Itochu stock traded down $0.07 during midday trading on Monday, reaching $13.64. The stock had a trading volume of 83,629 shares, compared to its average volume of 447,340. Itochu has a 12 month low of $10.80 and a 12 month high of $15.44. The firm’s 50-day moving average price is $13.71 and its 200 day moving average price is $12.69. The firm has a market capitalization of $108.05 billion, a PE ratio of 14.66 and a beta of 0.63. The company has a quick ratio of 1.02, a current ratio of 1.35 and a debt-to-equity ratio of 0.46.

Itochu (OTCMKTS:ITOCY) last issued its earnings results on Monday, August 3rd. The company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.01). The business had revenue of $24.75 billion for the quarter, compared to analysts’ expectations of $22.01 billion. As a group, research analysts predict that Itochu will post 0.92 earnings per share for the current fiscal year.

Institutional Trading of Itochu

Institutional investors have recently modified their holdings of the business. GAMMA Investing LLC raised its holdings in Itochu by 11.1% during the 3rd quarter. GAMMA Investing LLC now owns 31,411 shares of the company’s stock valued at $438,000 after acquiring an additional 3,128 shares during the period. Confluence Investment Management LLC lifted its position in shares of Itochu by 0.8% during the third quarter. Confluence Investment Management LLC now owns 103,854 shares of the company’s stock worth $1,448,000 after acquiring an additional 791 shares in the last quarter. Aristotle Capital Management LLC lifted its position in shares of Itochu by 897.0% during the first quarter. Aristotle Capital Management LLC now owns 117,267 shares of the company’s stock worth $1,468,000 after acquiring an additional 105,505 shares in the last quarter. OLD National Bancorp IN boosted its holdings in shares of Itochu by 898.1% in the first quarter. OLD National Bancorp IN now owns 15,551 shares of the company’s stock worth $193,000 after acquiring an additional 13,993 shares during the period. Finally, Atlas Capital Advisors Inc. bought a new position in shares of Itochu in the fourth quarter worth $279,000. 0.08% of the stock is currently owned by hedge funds and other institutional investors.

About Itochu

Itochu Corporation is a Japan-based general trading company with business activities spanning a broad range of industries and geographies. The company develops, imports, exports and distributes products while also investing in businesses and providing related services through its global network.

Itochu’s principal operations include textiles, food, metals and minerals, energy and chemicals, machinery, general products and real estate, as well as financial services and information and communications technology.