ITOCHU Co. (OTCMKTS:ITOCY – Get Free Report) was the target of a significant increase in short interest in December. As of December 31st, there was short interest totalling 18,100 shares, an increase of 1,292.3% from the December 15th total of 1,300 shares. Based on an average trading volume of 68,100 shares, the short-interest ratio is currently 0.3 days.
ITOCHU Trading Down 0.1 %
OTCMKTS ITOCY opened at $92.44 on Tuesday. The company has a quick ratio of 0.98, a current ratio of 1.31 and a debt-to-equity ratio of 0.41. ITOCHU has a 52 week low of $79.25 and a 52 week high of $116.50. The company has a market cap of $66.51 billion, a price-to-earnings ratio of 12.49 and a beta of 0.75. The business has a 50 day moving average price of $99.55 and a 200-day moving average price of $100.58.
Hedge Funds Weigh In On ITOCHU
A hedge fund recently raised its stake in ITOCHU stock. GAMMA Investing LLC lifted its stake in ITOCHU Co. (OTCMKTS:ITOCY – Free Report) by 13.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,655 shares of the company’s stock after purchasing an additional 192 shares during the quarter. GAMMA Investing LLC’s holdings in ITOCHU were worth $163,000 as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 0.08% of the company’s stock.
ITOCHU Company Profile
ITOCHU Corporation engages in trading and importing/exporting various products worldwide. The company’s Textile segment produces and sells raw materials, threads, and textiles; and garments, home furnishings, and industrial materials, as well as trades in industrial textile and lifestyle products. Its Machinery segment engages in the plants, bridges, railways, and other infrastructure; power generation, transmission, transformation, and sale; water, environment and waste-related; ship trading; renewable and alternative energy; and waste recycling businesses.
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