Mitsui O.S.K. Lines, Ltd. (OTCMKTS:MSLOY) Stock Short Interest Declines 50.8%

Mitsui O.S.K. Lines, Ltd. (OTCMKTS:MSLOY) saw a large drop in short interest in October. As of October 15th, there was short interest totaling 25,586 shares, a drop of 50.8% from the September 30th total of 51,986 shares. Based on an average daily trading volume, of 46,329 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.0% of the shares of the company are short sold.

Analyst Ratings Changes

Separately, Zacks Research lowered Mitsui O.S.K. Lines from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 19th. One investment analyst has rated the stock with a Hold rating. According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Mitsui O.S.K. Lines Stock Performance

Shares of MSLOY traded up $0.65 during trading hours on Friday, hitting $24.20. The stock had a trading volume of 13,960 shares, compared to its average volume of 19,290. Mitsui O.S.K. Lines has a 12 month low of $13.71 and a 12 month high of $24.94. The stock has a fifty day moving average price of $22.94 and a 200 day moving average price of $19.37.

Mitsui O.S.K. Lines Company Profile

Mitsui O.S.K. Lines, Ltd. (OTCMKTS:MSLOY) is a Japan-based global transportation and logistics company that operates ocean-going vessels and provides related services. Its activities include the transportation of automobiles, dry bulk commodities, crude oil, petroleum products, chemicals, liquefied natural gas and other energy resources.

The company also provides logistics and supply-chain services, including marine transport, terminal operations and offshore-related services. MOL operates a diverse fleet and serves customers across major international trade routes, connecting Japan and other parts of Asia with North America, Europe, the Middle East, Africa and other global markets.

MOL traces its origins to Osaka Shosen Kaisha, established in 1884.