ITOCHU Co. (OTCMKTS:ITOCY) Short Interest Update

ITOCHU Co. (OTCMKTS:ITOCY) was the recipient of a significant increase in short interest in January. As of January 15th, there was short interest totalling 18,100 shares, an increase of 1,292.3% from the December 31st total of 1,300 shares. Based on an average trading volume of 68,100 shares, the short-interest ratio is currently 0.3 days.

Institutional Trading of ITOCHU

A hedge fund recently raised its stake in ITOCHU stock. GAMMA Investing LLC increased its holdings in shares of ITOCHU Co. (OTCMKTS:ITOCY) by 29.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,463 shares of the company’s stock after purchasing an additional 332 shares during the quarter. GAMMA Investing LLC’s holdings in ITOCHU were worth $157,000 as of its most recent SEC filing. 0.08% of the stock is currently owned by institutional investors and hedge funds.

ITOCHU Price Performance

Shares of ITOCY opened at $92.14 on Wednesday. The stock has a 50 day simple moving average of $97.44 and a 200 day simple moving average of $100.02. ITOCHU has a 52-week low of $79.25 and a 52-week high of $116.50. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.97 and a current ratio of 1.31. The firm has a market capitalization of $66.30 billion, a PE ratio of 12.45 and a beta of 0.75.

ITOCHU (OTCMKTS:ITOCY) last released its quarterly earnings results on Wednesday, November 6th. The company reported $2.26 earnings per share for the quarter. ITOCHU had a net margin of 5.70% and a return on equity of 13.99%. The company had revenue of $28.74 billion during the quarter. Sell-side analysts predict that ITOCHU will post 9.03 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 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.