Short Interest in Hitachi Construction Machinery Co., Ltd. (OTCMKTS:HTCMY) Drops By 90.9%

Hitachi Construction Machinery Co., Ltd. (OTCMKTS:HTCMY) was the recipient of a large drop in short interest during the month of March. As of March 15th, there was short interest totalling 100 shares, a drop of 90.9% from the February 28th total of 1,100 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 200 shares, the days-to-cover ratio is presently 0.5 days.

Hitachi Construction Machinery Stock Performance

Hitachi Construction Machinery stock remained flat at $54.48 during midday trading on Thursday. 40 shares of the company’s stock were exchanged, compared to its average volume of 911. Hitachi Construction Machinery has a 52-week low of $40.85 and a 52-week high of $62.15. The company has a current ratio of 1.63, a quick ratio of 0.75 and a debt-to-equity ratio of 0.26. The firm has a market cap of $5.79 billion, a price-to-earnings ratio of 10.00 and a beta of 0.58. The stock has a fifty day moving average price of $50.37 and a two-hundred day moving average price of $47.40.

Hitachi Construction Machinery Company Profile

Hitachi Construction Machinery Co, Ltd., together with its subsidiaries, manufactures and sells construction machineries worldwide. The company operates through two segments, Construction Machinery Business and Solution Business. It offers excavators and wheel loaders, hydraulic excavators, compaction equipment, and rigid dump trucks.