Short Interest in Mitsui & Co. (OTCMKTS:MITSY) Declines By 62.8%

Mitsui & Co. (OTCMKTS:MITSY) saw a large decline in short interest in the month of May. As of May 29th, there was short interest totaling 1,140 shares, a decline of 62.8% from the May 14th total of 3,061 shares. Based on an average daily trading volume, of 19,449 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are short sold.

Mitsui & Co. Trading Down 2.4%

Shares of OTCMKTS:MITSY traded down $14.85 during trading on Friday, hitting $604.00. 6,897 shares of the company’s stock were exchanged, compared to its average volume of 9,251. Mitsui & Co. has a 1-year low of $388.00 and a 1-year high of $835.49. The firm has a 50-day moving average price of $717.94 and a two-hundred day moving average price of $681.59. The company has a current ratio of 1.41, a quick ratio of 1.19 and a debt-to-equity ratio of 0.56. The firm has a market cap of $86.28 billion, a P/E ratio of 15.64, a PEG ratio of 1.13 and a beta of 0.45.

Mitsui & Co. (OTCMKTS:MITSY) last issued its quarterly earnings results on Thursday, April 30th. The industrial products company reported $9.94 EPS for the quarter, missing the consensus estimate of $10.81 by ($0.87). Mitsui & Co. had a return on equity of 9.81% and a net margin of 5.96%.The business had revenue of $23.22 billion for the quarter, compared to analyst estimates of $34.72 billion. Equities analysts predict that Mitsui & Co. will post 47.56 earnings per share for the current year.

Analysts Set New Price Targets

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

Mitsui & Co. Company Profile

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.