Itochu Corp. (OTCMKTS:ITOCY) Short Interest Update

Itochu Corp. (OTCMKTS:ITOCY) saw a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 171,350 shares, a growth of 92.6% from the June 30th total of 88,985 shares. Based on an average daily volume of 878,582 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the company’s stock are sold short.

Institutional Trading of Itochu

Several large investors have recently bought and sold shares of the company. OLD National Bancorp IN raised its stake in shares of Itochu by 898.1% during the first quarter. OLD National Bancorp IN now owns 15,551 shares of the company’s stock valued at $193,000 after purchasing an additional 13,993 shares during the period. Atlas Capital Advisors Inc. purchased a new position in shares of Itochu in the fourth quarter valued at $279,000. Confluence Investment Management LLC boosted its stake in shares of Itochu by 1.1% in the second quarter. Confluence Investment Management LLC now owns 103,063 shares of the company’s stock valued at $1,175,000 after purchasing an additional 1,159 shares during the period. Finally, Aristotle Capital Management LLC boosted its stake in shares of Itochu by 897.0% in the first quarter. Aristotle Capital Management LLC now owns 117,267 shares of the company’s stock valued at $1,468,000 after purchasing an additional 105,505 shares during the period. Institutional investors and hedge funds own 0.08% of the company’s stock.

Itochu Price Performance

Shares of OTCMKTS ITOCY opened at $12.33 on Thursday. Itochu has a 1-year low of $10.36 and a 1-year high of $15.10. The business has a 50-day moving average of $11.72 and a 200-day moving average of $12.59. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.32 and a quick ratio of 0.99. The company has a market capitalization of $97.71 billion, a price-to-earnings ratio of 13.85 and a beta of 0.64.

Itochu (OTCMKTS:ITOCY) last posted its earnings results on Friday, May 1st. The company reported $0.18 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.18. The company had revenue of $24.49 billion during the quarter, compared to analyst estimates of $28.52 billion. On average, equities analysts anticipate that Itochu will post 0.86 EPS for the current fiscal year.

About Itochu

Itochu Corporation is a major Japanese trading company (sogo shosha) that operates a diversified global business spanning trading, investment and services. The company traces its roots to the 19th century and has evolved from a textile trading firm into a broad-based commercial and investment group. Its American Depositary Receipts trade over the counter under the symbol ITOCY.

Itochu conducts commodity and product trading across a wide range of sectors including textiles and apparel, machinery, metals and minerals, energy and chemicals, food and consumer products, information and communications technology, and real estate.