Hitachi Constr (OTCMKTS:HTCMY) Sees Significant Growth in Short Interest

Hitachi Constr (OTCMKTS:HTCMY) was the target of a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 236 shares, an increase of 23,500.0% from the September 30th total of 1 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 197 shares, the short-interest ratio is currently 1.2 days.

Hitachi Constr Price Performance

Hitachi Constr stock remained flat at $67.78 during mid-day trading on Monday. 53 shares of the company’s stock were exchanged, compared to its average volume of 106. The company has a current ratio of 1.71, a quick ratio of 0.76 and a debt-to-equity ratio of 0.18. Hitachi Constr has a 12-month low of $55.92 and a 12-month high of $87.04. The stock’s 50 day simple moving average is $70.92 and its 200 day simple moving average is $68.77. The stock has a market cap of $7.29 billion, a price-to-earnings ratio of 12.35 and a beta of 0.55.

Hitachi Constr (OTCMKTS:HTCMY) last released its earnings results on Thursday, July 30th. The company reported $1.65 earnings per share for the quarter. Hitachi Constr had a net margin of 6.31% and a return on equity of 9.54%. The business had revenue of $2.07 billion during the quarter.

About Hitachi Constr

Hitachi Construction Machinery Co, Ltd. develops, manufactures, sells, and services construction and mining equipment. Its product portfolio includes hydraulic excavators, wheel loaders, dump trucks, and other machinery used in infrastructure development, building construction, quarrying, and resource extraction. The company also provides replacement parts, maintenance, refurbishment, equipment rentals, and related support services.

The company serves customers through a global network spanning Japan, Asia, Oceania, North America, Latin America, Europe, Africa, and the Middle East.