Idemitsu Kosan Co.,Ltd. (OTCMKTS:IDKOY) Short Interest Update

Idemitsu Kosan Co.,Ltd. (OTCMKTS:IDKOY) was the target of a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 759 shares, an increase of 163.5% from the June 30th total of 288 shares. Based on an average daily volume of 6,668 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the company’s stock are short sold.

Analyst Ratings Changes

Separately, Zacks Research upgraded Idemitsu Kosan Co.,Ltd. to a “hold” rating in a research note on Friday, April 24th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Idemitsu Kosan Co.,Ltd. presently has a consensus rating of “Hold”.

Idemitsu Kosan Co.,Ltd. Price Performance

IDKOY opened at $16.32 on Monday. The firm has a 50-day moving average price of $16.22 and a 200-day moving average price of $17.39. Idemitsu Kosan Co.,Ltd. has a twelve month low of $12.30 and a twelve month high of $21.05. The company has a market capitalization of $9.98 billion and a price-to-earnings ratio of 0.38.

Idemitsu Kosan Co.,Ltd. Company Profile

Idemitsu Kosan Co, Ltd. is a Japanese energy company primarily engaged in the refining of crude oil and the production of petroleum products. Established in 1911 by Sazo Idemitsu, the company has grown into one of Japan’s leading refiners, supplying gasoline, diesel, jet fuel and kerosene to both industrial and retail customers. Its core refining operations are supported by a network of domestic refineries that process a wide range of crude oils.

In addition to its downstream refining business, Idemitsu Kosan manufactures petrochemical feedstocks used in the production of plastics, synthetic rubbers and other chemical intermediates.