ITOCHU Co. (OTCMKTS:ITOCY – Get Free Report) was the recipient of a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 15,300 shares, an increase of 139.1% from the February 28th total of 6,400 shares. Based on an average daily volume of 122,300 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are sold short.
Institutional Trading of ITOCHU
A hedge fund recently bought a new stake in ITOCHU stock. SVB Wealth LLC purchased a new stake in ITOCHU Co. (OTCMKTS:ITOCY – Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 4,193 shares of the company’s stock, valued at approximately $413,000. Institutional investors and hedge funds own 0.08% of the company’s stock.
ITOCHU Stock Performance
ITOCY stock traded down $1.51 during midday trading on Friday, hitting $94.37. 59,376 shares of the stock traded hands, compared to its average volume of 75,292. ITOCHU has a 1-year low of $79.12 and a 1-year high of $116.50. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.31 and a quick ratio of 0.97. The stock’s fifty day simple moving average is $90.68 and its 200-day simple moving average is $97.49. The firm has a market cap of $67.90 billion, a P/E ratio of 12.32 and a beta of 0.76.
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.
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