Short Interest in Hitachi, Ltd. (OTCMKTS:HTHIY) Decreases By 19.3%

Hitachi, Ltd. (OTCMKTS:HTHIY) was the recipient of a large drop in short interest in March. As of March 15th, there was short interest totalling 350,300 shares, a drop of 19.3% from the February 28th total of 434,300 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 615,600 shares, the days-to-cover ratio is currently 0.6 days.

Hitachi Stock Down 1.8 %

Shares of HTHIY stock opened at $23.02 on Wednesday. The stock’s fifty day moving average price is $36.18 and its 200 day moving average price is $45.81. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.08 and a quick ratio of 0.81. Hitachi has a 1-year low of $16.80 and a 1-year high of $29.99. The company has a market cap of $105.44 billion, a price-to-earnings ratio of 7.04, a price-to-earnings-growth ratio of 3.43 and a beta of 0.76.

Hitachi (OTCMKTS:HTHIY) last issued its earnings results on Friday, January 31st. The conglomerate reported $1.98 earnings per share for the quarter, topping the consensus estimate of $0.46 by $1.52. Hitachi had a return on equity of 9.65% and a net margin of 6.03%. On average, research analysts expect that Hitachi will post 0.47 earnings per share for the current fiscal year.

About Hitachi

Hitachi, Ltd. provides digital system and services, green energy and mobility, and connective industry solutions in Japan and internationally. It operates through seven segments: Digital Systems & Services, Green Energy & Mobility, Connective Industries, Automotive System, Hitachi Construction Machinery, Hitachi Metals, and Others.