Short Interest in Ajinomoto Co. (OTCMKTS:AJINY) Decreases By 30.6%

Ajinomoto Co. (OTCMKTS:AJINY) was the target of a significant drop in short interest during the month of February. As of February 27th, there was short interest totaling 28,484 shares, a drop of 30.6% from the February 12th total of 41,022 shares. Based on an average daily trading volume, of 118,220 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the shares of the company are sold short. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 118,220 shares, the days-to-cover ratio is currently 0.2 days.

Ajinomoto Stock Performance

OTCMKTS:AJINY opened at $27.96 on Friday. The company has a market cap of $27.34 billion, a P/E ratio of 33.69 and a beta of 0.50. Ajinomoto has a 1 year low of $16.50 and a 1 year high of $32.89. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.51 and a quick ratio of 0.89. The stock’s fifty day moving average price is $25.84 and its two-hundred day moving average price is $25.74.

Wall Street Analyst Weigh In

Separately, Sanford C. Bernstein lowered Ajinomoto from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 3rd. Two research analysts have rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy”.

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.