Mitsui & Co. (OTCMKTS:MITSY) Sees Large Increase in Short Interest

Mitsui & Co. (OTCMKTS:MITSY) was the target of a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 3,570 shares, a growth of 84.3% from the July 15th total of 1,937 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 21,176 shares, the days-to-cover ratio is presently 0.2 days.

Mitsui & Co. Trading Down 0.7%

OTCMKTS:MITSY traded down $4.21 during mid-day trading on Monday, reaching $602.91. 4,299 shares of the company’s stock traded hands, compared to its average volume of 7,947. Mitsui & Co. has a 12-month low of $397.36 and a 12-month high of $835.49. The firm has a market capitalization of $86.12 billion, a price-to-earnings ratio of 14.22, a PEG ratio of 1.30 and a beta of 0.47. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.41 and a quick ratio of 1.19. The company has a 50 day moving average price of $592.21 and a 200-day moving average price of $682.77.

Mitsui & Co. (OTCMKTS:MITSY) last announced its earnings results on Monday, August 3rd. The industrial products company reported $13.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $9.36 by $3.65. Mitsui & Co. had a return on equity of 10.56% and a net margin of 6.22%.The firm had revenue of $27.77 billion during the quarter, compared to analyst estimates of $22.29 billion. On average, sell-side analysts predict that Mitsui & Co. will post 40.73 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Zacks Research lowered shares of Mitsui & Co. from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 2nd. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

About Mitsui & Co.

Mitsui & Co, Ltd. (OTCMKTS: MITSY) is a global sogo shosha, or general trading company, headquartered in Tokyo, Japan. Established in the aftermath of World War II, Mitsui & Co has grown into one of Japan’s largest trading houses, operating across a wide range of industries to connect producers, manufacturers and consumers around the world.

The company’s core activities include commodity trading, resource and energy development, project and infrastructure development, and strategic investing.