Mitsubishi Co. (OTCMKTS:MSBHF) Short Interest Down 30.2% in February

Mitsubishi Co. (OTCMKTS:MSBHF) was the target of a large decrease in short interest in the month of February. As of February 15th, there was short interest totalling 2,202,400 shares, a decrease of 30.2% from the January 31st total of 3,155,900 shares. Based on an average trading volume of 30,000 shares, the short-interest ratio is presently 73.4 days.

Wall Street Analyst Weigh In

Separately, Macquarie downgraded Mitsubishi from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 7th.

Mitsubishi Price Performance

Shares of OTCMKTS MSBHF traded up $0.30 on Wednesday, hitting $17.00. The company’s stock had a trading volume of 31,645 shares, compared to its average volume of 31,694. The stock has a 50 day moving average of $16.20 and a 200-day moving average of $17.94. The company has a market capitalization of $67.60 billion, a price-to-earnings ratio of 9.83 and a beta of 0.63. Mitsubishi has a 12-month low of $15.25 and a 12-month high of $24.52. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.46 and a quick ratio of 1.13.

Mitsubishi (OTCMKTS:MSBHF) last posted its earnings results on Thursday, February 6th. The company reported $0.35 earnings per share (EPS) for the quarter. Mitsubishi had a return on equity of 10.56% and a net margin of 5.81%. As a group, research analysts predict that Mitsubishi will post 1.6 EPS for the current year.

About Mitsubishi

Mitsubishi Corporation engages in the natural gas, industrial materials and infrastructure, petroleum and chemicals, mineral resources, automotive and mobility, food and consumer industry, power solution, and urban development businesses worldwide. The Natural Gas segment engages in the development and production of natural gas/oil; and liquified natural gas business.