Short Interest in ITOCHU Techno-Solutions Co. (OTCMKTS:ITTOY) Decreases By 33.3%

ITOCHU Techno-Solutions Co. (OTCMKTS:ITTOYGet Rating) was the recipient of a significant drop in short interest in May. As of May 31st, there was short interest totalling 1,600 shares, a drop of 33.3% from the May 15th total of 2,400 shares. Based on an average daily volume of 200 shares, the days-to-cover ratio is presently 8.0 days.

Separately, The Goldman Sachs Group lowered shares of ITOCHU Techno-Solutions from a “neutral” rating to a “sell” rating in a report on Tuesday, March 1st.

OTCMKTS ITTOY traded down $0.01 on Tuesday, hitting $11.90. 788 shares of the stock were exchanged, compared to its average volume of 1,040. The stock has a fifty day moving average price of $12.03 and a two-hundred day moving average price of $13.66. ITOCHU Techno-Solutions has a 52-week low of $11.19 and a 52-week high of $16.82.

ITOCHU Techno-Solutions Company Profile (Get Rating)

ITOCHU Techno-Solutions Corporation engages in the sale, maintenance, and support of computers and network systems, software development, and data center and support services in Japan, Asia, and internationally. The company operates through six segments: Enterprise Business, Distribution Business, Telecommunication Business, Regional and Social Infrastructure Business, Financial Services Business, and IT Services Business.

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