Short Interest in Mitsubishi Heavy Industries, Ltd. (OTCMKTS:MHVYF) Drops By 45.3%

Mitsubishi Heavy Industries, Ltd. (OTCMKTS:MHVYF) saw a large drop in short interest in the month of February. As of February 15th, there was short interest totalling 6,965,100 shares, a drop of 45.3% from the January 31st total of 12,742,900 shares. Based on an average daily volume of 9,500 shares, the days-to-cover ratio is presently 733.2 days.

Mitsubishi Heavy Industries Stock Performance

OTCMKTS MHVYF opened at $14.00 on Tuesday. The company has a 50-day simple moving average of $14.10 and a two-hundred day simple moving average of $14.18. Mitsubishi Heavy Industries has a 12-month low of $7.92 and a 12-month high of $16.09. The firm has a market cap of $47.23 billion, a price-to-earnings ratio of 31.83 and a beta of 0.80. The company has a quick ratio of 0.85, a current ratio of 1.20 and a debt-to-equity ratio of 0.33.

Mitsubishi Heavy Industries (OTCMKTS:MHVYF) last issued its earnings results on Tuesday, February 4th. The company reported $0.13 earnings per share for the quarter. Mitsubishi Heavy Industries had a return on equity of 10.66% and a net margin of 5.17%.

About Mitsubishi Heavy Industries

Mitsubishi Heavy Industries, Ltd. manufactures and sells heavy machinery worldwide. It operates through Energy Systems; Plants & Infrastructure Systems; Logistics, Thermal & Drive Systems; and Aircraft, Defense & Space segments. The company offers thermal, renewable energy, nuclear power generation, and engine power plants; oil and gas production plants; lithium-ion battery products and fuel cells; civil aircrafts and engines, aviation equipment, and maintenance, repair, and overhaul of aircrafts; and launch vehicles and services, rocket engines, reaction control systems, space stations, rocket launchers, rocket engine combustion test facilities, and electronic parts.