Short Interest in Marubeni Corp. (OTCMKTS:MARUY) Expands By 133.7%

Marubeni Corp. (OTCMKTS:MARUY) was the target of a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 5,238 shares, a growth of 133.7% from the May 31st total of 2,241 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 64,215 shares, the days-to-cover ratio is presently 0.1 days.

Marubeni Stock Performance

Marubeni stock traded up $2.32 during mid-day trading on Monday, reaching $293.76. 29,831 shares of the company were exchanged, compared to its average volume of 29,841. Marubeni has a twelve month low of $195.00 and a twelve month high of $426.06. The firm’s 50-day simple moving average is $335.92 and its two-hundred day simple moving average is $336.77. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.99 and a current ratio of 1.37. The firm has a market cap of $48.37 billion, a PE ratio of 13.33, a price-to-earnings-growth ratio of 1.61 and a beta of 0.50.

Marubeni (OTCMKTS:MARUY) last released its earnings results on Friday, May 1st. The conglomerate reported $4.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.58 by ($0.25). Marubeni had a net margin of 6.60% and a return on equity of 13.11%. The company had revenue of $13.36 billion during the quarter, compared to analyst estimates of $14.83 billion. Equities analysts predict that Marubeni will post 23.86 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group cut shares of Marubeni from a “buy” rating to a “neutral” rating in a report on Wednesday, May 6th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Marubeni has an average rating of “Hold”.

Marubeni Company Profile

Marubeni Corporation (OTCMKTS:MARUY) is a major Japanese sogo shosha, or integrated trading and investment company, headquartered in Tokyo. The firm conducts a broad range of commercial activities that span commodity trading, project development, investment and financing, and supply-chain services. Marubeni operates through a network of subsidiaries, joint ventures and branch offices to support cross-border trade and large-scale industrial projects.

The company’s activities cover a wide set of industry sectors, including energy and power, metals and minerals, chemicals and industrial materials, food and consumer products, transportation and industrial machinery, and infrastructure.