Mitsui & Co. (OTCMKTS:MITSY) Shares Shorted: Short Interest Up 1,218.1% in October

Mitsui & Co. (OTCMKTS:MITSY) was the recipient of a significant growth in short interest in October. As of October 30th, there was short interest totaling 2,913 shares, a growth of 1,218.1% from the October 15th total of 221 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 18,906 shares, the days-to-cover ratio is currently 0.2 days.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of Mitsui & Co. from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 27th. One analyst has rated the stock with a Strong Buy rating. Based on data from MarketBeat, Mitsui & Co. currently has a consensus rating of “Strong Buy”.

Mitsui & Co. Stock Up 1.4%

Shares of MITSY traded up $8.48 during mid-day trading on Tuesday, hitting $622.80. The company’s stock had a trading volume of 4,558 shares, compared to its average volume of 7,899. The company’s 50-day moving average is $638.35 and its 200-day moving average is $667.57. Mitsui & Co. has a 52-week low of $500.00 and a 52-week high of $835.49. The firm has a market capitalization of $88.96 billion, a price-to-earnings ratio of 13.99, a PEG ratio of 0.89 and a beta of 0.50. The company has a current ratio of 1.45, a quick ratio of 1.22 and a debt-to-equity ratio of 0.55.

About Mitsui & Co.

Mitsui & Co. is a Japan-based general trading and investment company with roots in Mitsui Bussan, established in 1876. The present company was established in 1947 and operates across a broad range of industries. The company trades, develops and invests in businesses involving mineral and metal resources, energy, machinery and infrastructure, chemicals, mobility, food and consumer goods. Its activities also include services and projects related to logistics, information technology and healthcare.