Short Interest in Mitsui O.S.K. Lines, Ltd. (OTCMKTS:MSLOY) Increases By 1,313.3%

Mitsui O.S.K. Lines, Ltd. (OTCMKTS:MSLOY) was the target of a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 55,288 shares, an increase of 1,313.3% from the May 31st total of 3,912 shares. Based on an average daily volume of 132,971 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.0% of the shares of the stock are sold short.

Mitsui O.S.K. Lines Stock Down 2.5%

Shares of MSLOY stock traded down $0.42 on Thursday, reaching $16.21. The company’s stock had a trading volume of 145,116 shares, compared to its average volume of 42,187. The company has a market capitalization of $11.77 billion and a P/E ratio of 0.17. Mitsui O.S.K. Lines has a 12-month low of $13.71 and a 12-month high of $22.59. The stock’s 50 day simple moving average is $18.03 and its 200-day simple moving average is $17.54.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of Mitsui O.S.K. Lines to a “hold” rating in a report on Wednesday, April 15th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of “Hold”.

Mitsui O.S.K. Lines Company Profile

Mitsui O.S.K. Lines, Ltd. (MOL) is a leading global shipping company headquartered in Tokyo, Japan. Specializing in maritime transportation, MOL operates a diverse fleet that includes container ships, bulk carriers, oil tankers, LNG carriers and car carriers. The company also deploys specialized vessels for chemicals and liquefied gas, serving a wide range of industries such as energy, automotive and retail.

Beyond core shipping services, MOL provides integrated logistics solutions encompassing terminal operations, port services and inland distribution.