Mitsui & Co. (OTCMKTS:MITSY) Stock Short Interest Declines 43.1%

Mitsui & Co. (OTCMKTS:MITSY) was the target of a significant decline in short interest during the month of September. As of September 15th, there was short interest totaling 1,868 shares, a decline of 43.1% from the August 31st total of 3,285 shares. Based on an average daily volume of 7,240 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.0% of the shares of the stock are sold short.

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 research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

Mitsui & Co. Price Performance

Shares of OTCMKTS MITSY traded up $7.17 during trading hours on Wednesday, reaching $627.74. 1,764 shares of the stock traded hands, compared to its average volume of 7,567. The company’s 50-day simple moving average is $630.31 and its two-hundred day simple moving average is $666.42. The company has a market capitalization of $89.67 billion, a P/E ratio of 14.80, a price-to-earnings-growth ratio of 1.16 and a beta of 0.48. Mitsui & Co. has a 52-week low of $476.50 and a 52-week high of $835.49. The company has a quick ratio of 1.22, a current ratio of 1.45 and a debt-to-equity ratio of 0.55.

Mitsui & Co. (OTCMKTS:MITSY) last issued 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 10.67% and a net margin of 6.22%.The business had revenue of $27.77 billion during the quarter, compared to analyst estimates of $22.29 billion. Equities research analysts forecast that Mitsui & Co. will post 48.18 EPS for the current year.

About Mitsui & Co.

Mitsui & Co, Ltd. is a Japanese general trading and investment company headquartered in Tokyo. Its operations span the development, financing, marketing and distribution of products and businesses across a broad range of industries, connecting suppliers, manufacturers, customers and partners around the world.

The company’s activities include mineral and metal resources, energy, machinery and infrastructure, chemicals, food and agriculture, mobility, healthcare, information technology and communications.