Hitachi, Ltd. (OTCMKTS:HTHIY) Short Interest Update

Hitachi, Ltd. (OTCMKTS:HTHIY) was the target of a significant drop in short interest during the month of March. As of March 15th, there was short interest totalling 350,300 shares, a drop of 19.3% from the February 28th total of 434,300 shares. Based on an average daily volume of 615,600 shares, the short-interest ratio is presently 0.6 days. Currently, 0.0% of the company’s stock are sold short.

Hitachi Stock Down 1.8 %

OTCMKTS:HTHIY opened at $23.02 on Wednesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.81 and a current ratio of 1.08. The company has a market capitalization of $105.44 billion, a price-to-earnings ratio of 7.04, a price-to-earnings-growth ratio of 3.43 and a beta of 0.76. Hitachi has a one year low of $16.80 and a one year high of $29.99. The stock has a 50-day simple moving average of $36.18 and a 200 day simple moving average of $45.81.

Hitachi (OTCMKTS:HTHIY) last issued its earnings results on Friday, January 31st. The conglomerate reported $1.98 EPS for the quarter, topping the consensus estimate of $0.46 by $1.52. Hitachi had a return on equity of 9.65% and a net margin of 6.03%. Sell-side analysts predict that Hitachi will post 0.47 EPS for the current fiscal year.

Hitachi Company Profile

Hitachi, Ltd. provides digital system and services, green energy and mobility, and connective industry solutions in Japan and internationally. It operates through seven segments: Digital Systems & Services, Green Energy & Mobility, Connective Industries, Automotive System, Hitachi Construction Machinery, Hitachi Metals, and Others.