Hitachi Construction Machinery Co., Ltd. (OTCMKTS:HTCMY) Short Interest Up 1,100.0% in May

Hitachi Construction Machinery Co., Ltd. (OTCMKTS:HTCMYGet Rating) was the target of a significant increase in short interest in the month of May. As of May 31st, there was short interest totalling 2,400 shares, an increase of 1,100.0% from the May 15th total of 200 shares. Based on an average daily volume of 1,200 shares, the days-to-cover ratio is presently 2.0 days.

HTCMY traded up $0.57 during midday trading on Friday, hitting $50.80. 432 shares of the company’s stock traded hands, compared to its average volume of 1,248. The company has a market cap of $5.46 billion, a PE ratio of 7.95 and a beta of 0.88. The stock’s fifty day simple moving average is $48.01 and its 200-day simple moving average is $51.76. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.65 and a quick ratio of 0.81. Hitachi Construction Machinery has a one year low of $43.55 and a one year high of $65.44.

Separately, Daiwa Capital Markets upgraded shares of Hitachi Construction Machinery from a “neutral” rating to an “outperform” rating in a report on Wednesday, March 9th.

About Hitachi Construction Machinery (Get Rating)

Hitachi Construction Machinery Co, Ltd., together with its subsidiaries, engages in the manufacture, sale, rental, and service of construction and transportation machinery, environmental related products, and other machines and devices worldwide. It offers mini excavators, wheel loaders, mini wheel loaders, road construction machinery, large and ultra-large hydraulic excavators, rigid dump trucks, and double arm working machines.

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