Short Interest in ITOCHU Co. (OTCMKTS:ITOCY) Rises By 139.1%

ITOCHU Co. (OTCMKTS:ITOCY) saw a large increase in short interest in March. As of March 15th, there was short interest totalling 15,300 shares, an increase of 139.1% from the February 28th total of 6,400 shares. Based on an average daily trading volume, of 122,300 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

Hedge Funds Weigh In On ITOCHU

A hedge fund recently bought a new stake in ITOCHU stock. SVB Wealth LLC bought a new position in ITOCHU Co. (OTCMKTS:ITOCY) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm bought 4,193 shares of the company’s stock, valued at approximately $413,000. 0.08% of the stock is owned by hedge funds and other institutional investors.

ITOCHU Price Performance

Shares of ITOCHU stock traded down $1.51 during mid-day trading on Friday, reaching $94.37. 59,376 shares of the stock traded hands, compared to its average volume of 75,292. The stock has a market capitalization of $67.90 billion, a PE ratio of 12.32 and a beta of 0.76. The business has a 50-day moving average of $90.68 and a 200 day moving average of $97.49. ITOCHU has a fifty-two week low of $79.12 and a fifty-two week high of $116.50. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.41.

ITOCHU (OTCMKTS:ITOCY) last posted its quarterly earnings data on Thursday, February 6th. The company reported $2.19 EPS for the quarter. ITOCHU had a return on equity of 13.97% and a net margin of 5.93%.

ITOCHU Company Profile

ITOCHU Corporation engages in trading and importing/exporting various products worldwide. The company’s Textile segment produces and sells raw materials, threads, and textiles; and garments, home furnishings, and industrial materials, as well as trades in industrial textile and lifestyle products. Its Machinery segment engages in the plants, bridges, railways, and other infrastructure; power generation, transmission, transformation, and sale; water, environment and waste-related; ship trading; renewable and alternative energy; and waste recycling businesses.