Ajinomoto Co. (OTCMKTS:AJINY) Sees Significant Drop in Short Interest

Ajinomoto Co. (OTCMKTS:AJINY) saw a large drop in short interest during the month of December. As of December 15th, there was short interest totaling 9,391 shares, a drop of 29.0% from the November 30th total of 13,224 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 250,792 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily volume of 250,792 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s shares are short sold.

Ajinomoto Trading Up 0.4%

Shares of OTCMKTS AJINY opened at $21.50 on Monday. The company’s 50 day simple moving average is $24.12 and its 200 day simple moving average is $26.21. Ajinomoto has a fifty-two week low of $16.50 and a fifty-two week high of $30.49. The firm has a market capitalization of $21.43 billion, a P/E ratio of 28.67 and a beta of 0.53. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.62 and a quick ratio of 0.88.

Ajinomoto (OTCMKTS:AJINY) last released its earnings results on Thursday, November 6th. The company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.08). The business had revenue of $2.43 billion for the quarter, compared to analysts’ expectations of $2.66 billion.

Ajinomoto Company Profile

Ajinomoto Co, Inc is a Tokyo-based multinational food and chemical company best known for commercializing monosodium glutamate (MSG) after Professor Kikunae Ikeda identified the flavor enhancer associated with umami in the early 20th century; the company was founded in 1909. Over more than a century it has grown from its seasoning roots into a diversified group that develops, manufactures and markets food products, seasonings and ingredient solutions for both retail and foodservice customers.

Today Ajinomoto’s activities span prepared and frozen foods, retail seasonings and condiments, and a broad range of amino acid-based products and specialty chemicals.