Short Interest in ITOCHU Co. (OTCMKTS:ITOCY) Increases By 1,292.3%

ITOCHU Co. (OTCMKTS:ITOCY) was the target of a significant increase in short interest in the month of January. As of January 15th, there was short interest totalling 18,100 shares, an increase of 1,292.3% from the December 31st total of 1,300 shares. Based on an average daily volume of 68,100 shares, the short-interest ratio is presently 0.3 days.

ITOCHU Stock Performance

Shares of ITOCHU stock traded up $0.60 during trading hours on Tuesday, reaching $92.14. The company had a trading volume of 73,762 shares, compared to its average volume of 58,432. ITOCHU has a one year low of $79.25 and a one year high of $116.50. The business has a fifty day simple moving average of $97.44 and a 200 day simple moving average of $100.02. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.31 and a quick ratio of 0.97. The firm has a market cap of $66.30 billion, a PE ratio of 12.45 and a beta of 0.75.

ITOCHU (OTCMKTS:ITOCY) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $2.26 EPS for the quarter. ITOCHU had a return on equity of 13.99% and a net margin of 5.70%. The firm had revenue of $28.74 billion during the quarter. On average, analysts anticipate that ITOCHU will post 9.03 earnings per share for the current fiscal year.

Hedge Funds Weigh In On ITOCHU

An institutional investor recently raised its position in ITOCHU stock. GAMMA Investing LLC lifted its stake in ITOCHU Co. (OTCMKTS:ITOCY) by 29.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,463 shares of the company’s stock after acquiring an additional 332 shares during the period. GAMMA Investing LLC’s holdings in ITOCHU were worth $157,000 at the end of the most recent reporting period. 0.08% of the stock is currently owned by institutional investors and hedge funds.

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.