Mitsubishi Co. (OTCMKTS:MSBHF) Sees Large Increase in Short Interest

Mitsubishi Co. (OTCMKTS:MSBHF) was the recipient of a large increase in short interest during the month of March. As of March 31st, there was short interest totalling 5,949,100 shares, an increase of 44.0% from the March 15th total of 4,132,300 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 156,400 shares, the days-to-cover ratio is currently 38.0 days.

Analysts Set New Price Targets

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

Mitsubishi Stock Performance

OTCMKTS MSBHF opened at $17.75 on Friday. Mitsubishi has a 12-month low of $14.85 and a 12-month high of $23.68. The stock has a market capitalization of $70.58 billion, a price-to-earnings ratio of 10.26 and a beta of 0.52. The business’s 50 day moving average is $17.35 and its two-hundred day moving average is $17.30. The company has a current ratio of 1.46, a quick ratio of 1.13 and a debt-to-equity ratio of 0.33.

Mitsubishi (OTCMKTS:MSBHF) last released its quarterly earnings data 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%. Research analysts expect 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.