Mitsubishi Co. (OTCMKTS:MSBHF) Short Interest Up 74.7% in March

Mitsubishi Co. (OTCMKTS:MSBHF) saw a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 4,132,300 shares, a growth of 74.7% from the February 28th total of 2,364,800 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 59,100 shares, the short-interest ratio is currently 69.9 days.

Mitsubishi Stock Performance

Shares of OTCMKTS MSBHF traded down $0.80 during trading hours on Friday, reaching $18.00. The stock had a trading volume of 36,546 shares, compared to its average volume of 40,817. The company has a market cap of $71.57 billion, a price-to-earnings ratio of 10.40 and a beta of 0.63. Mitsubishi has a twelve month low of $15.25 and a twelve month high of $24.27. The business’s fifty day moving average is $16.92 and its two-hundred day moving average is $17.66. 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 announced its quarterly earnings data on Thursday, February 6th. The company reported $0.35 earnings per share (EPS) for the quarter. Mitsubishi had a net margin of 5.81% and a return on equity of 10.56%. As a group, research analysts expect that Mitsubishi will post 1.6 EPS for the current year.

Analysts Set New Price Targets

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

Mitsubishi Company Profile

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.