ITOCHU Co. (OTCMKTS:ITOCY) Short Interest Update

ITOCHU Co. (OTCMKTS:ITOCY) saw a significant decline in short interest during the month of August. As of August 15th, there was short interest totalling 6,700 shares, a decline of 26.4% from the July 31st total of 9,100 shares. Based on an average daily trading volume, of 100,400 shares, the short-interest ratio is presently 0.1 days.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Confluence Investment Management LLC bought a new position in shares of ITOCHU in the first quarter valued at $718,000. Atlas Capital Advisors LLC boosted its stake in ITOCHU by 13.1% in the 1st quarter. Atlas Capital Advisors LLC now owns 2,328 shares of the company’s stock worth $199,000 after purchasing an additional 270 shares during the period. GAMMA Investing LLC lifted its holdings in shares of ITOCHU by 17.1% in the first quarter. GAMMA Investing LLC now owns 995 shares of the company’s stock valued at $85,000 after purchasing an additional 145 shares in the last quarter. First Horizon Advisors Inc. acquired a new position in ITOCHU during the second quarter valued at $28,000. Finally, Rhumbline Advisers lifted its stake in ITOCHU by 5.1% in the 2nd quarter. Rhumbline Advisers now owns 11,001 shares of the company’s stock worth $1,082,000 after acquiring an additional 535 shares in the last quarter. 0.08% of the stock is owned by institutional investors and hedge funds.

ITOCHU Stock Performance

ITOCY stock traded up $2.94 during trading on Friday, reaching $105.78. 14,020 shares of the company’s stock were exchanged, compared to its average volume of 47,505. The firm has a market cap of $76.10 billion, a PE ratio of 14.53 and a beta of 0.75. The company’s fifty day moving average price is $97.79 and its 200-day moving average price is $92.67. ITOCHU has a 1-year low of $68.15 and a 1-year high of $106.04. The company has a quick ratio of 0.91, a current ratio of 1.29 and a debt-to-equity ratio of 0.43.

ITOCHU (OTCMKTS:ITOCY) last released its quarterly earnings results on Monday, August 5th. The company reported $1.84 EPS for the quarter. The company had revenue of $23.09 billion for the quarter. ITOCHU had a net margin of 5.56% and a return on equity of 13.09%. On average, research analysts expect that ITOCHU will post 8.29 EPS for the current fiscal year.

About ITOCHU

ITOCHU Corporation engages in trading and importing/exporting various products worldwide. The company's Textile segment produces and sells fiber and garment materials, textiles fabrics, apparel, and industrial materials; and imports lifestyle brands, fashion accessories, and garments in various areas, such as luxury, casual, and sports.