Short Interest in Mitsui & Co. (OTCMKTS:MITSY) Rises By 31.6%

Mitsui & Co. (OTCMKTS:MITSY) was the target of a large increase in short interest during the month of August. As of August 15th, there was short interest totaling 2,500 shares, an increase of 31.6% from the July 31st total of 1,900 shares. Based on an average trading volume of 22,800 shares, the days-to-cover ratio is presently 0.1 days. Based on an average trading volume of 22,800 shares, the days-to-cover ratio is presently 0.1 days.

Analyst Ratings Changes

Separately, Nomura Securities upgraded Mitsui & Co. to a “strong-buy” rating in a research report on Wednesday, May 28th. One research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Strong Buy”.

Mitsui & Co. Trading Down 0.8%

MITSY opened at $495.15 on Thursday. The stock has a market cap of $71.15 billion, a PE ratio of 13.19, a PEG ratio of 1.40 and a beta of 0.67. The company has a quick ratio of 1.32, a current ratio of 1.57 and a debt-to-equity ratio of 0.53. The business has a 50 day moving average of $438.43 and a 200-day moving average of $408.21. Mitsui & Co. has a 52 week low of $333.10 and a 52 week high of $523.39.

Mitsui & Co. (OTCMKTS:MITSY) last released its earnings results on Friday, August 1st. The industrial products company reported $9.23 EPS for the quarter, missing analysts’ consensus estimates of $9.29 by ($0.06). The firm had revenue of $21.93 billion during the quarter, compared to analysts’ expectations of $25.80 billion. Mitsui & Co. had a net margin of 5.77% and a return on equity of 10.48%. Equities research analysts predict that Mitsui & Co. will post 42.43 earnings per share for the current fiscal year.

Mitsui & Co. Company Profile

Mitsui & Co, Ltd. operates as an trading and investment company worldwide. The company engages in the manufacture and sale of steel products; steel processing, maintenance, and recycling activities; investment, development, and trading of mineral and metal resources, as well as resource recycling and industrial developing solutions; and upstream development, logistics, and trading of energy resources, such as natural gas/LNG, oil, coal, and uranium.