Komatsu Ltd. (OTCMKTS:KMTUY) Shares Shorted: Short Interest Up 796.9% in October

Komatsu Ltd. (OTCMKTS:KMTUY) saw a significant growth in short interest in October. As of October 15th, there was short interest totaling 331,125 shares, a growth of 796.9% from the September 30th total of 36,919 shares. Based on an average daily volume of 176,634 shares, the short-interest ratio is presently 1.9 days. Approximately 0.0% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Zacks Research raised Komatsu from a “strong sell” rating to a “hold” rating in a research report on Monday, August 3rd. Citigroup raised shares of Komatsu from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 25th. Finally, The Goldman Sachs Group upgraded Komatsu from a “hold” rating to a “strong-buy” rating in a report on Sunday, October 4th. Two investment analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy”.

Komatsu Price Performance

KMTUY opened at $43.05 on Thursday. Komatsu has a twelve month low of $30.65 and a twelve month high of $52.74. The firm has a market cap of $40.05 billion, a price-to-earnings ratio of 15.77, a PEG ratio of 2.30 and a beta of 1.07. The company has a current ratio of 1.96, a quick ratio of 1.12 and a debt-to-equity ratio of 0.19. The company has a fifty day simple moving average of $46.13 and a 200 day simple moving average of $43.13.

Komatsu (OTCMKTS:KMTUY) last posted its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.08. Komatsu had a net margin of 8.93% and a return on equity of 10.51%. The company had revenue of $6.37 billion during the quarter, compared to analysts’ expectations of $6.13 billion. Equities research analysts expect that Komatsu will post 2.69 EPS for the current fiscal year.

Komatsu Company Profile

Komatsu Ltd. is a Japan-based manufacturer of construction, mining, forestry and industrial equipment. Its product portfolio includes hydraulic excavators, wheel loaders, bulldozers, motor graders, dump trucks, underground mining machinery and other equipment used in infrastructure development, resource extraction and material handling.

The company also provides equipment parts, maintenance and repair services, fleet-management technologies and digital solutions. Its Smart Construction platform is designed to help customers plan, monitor and improve job-site operations, while Komatsu develops automation and remote-control systems for construction and mining applications.

Komatsu traces its origins to Komatsu Iron Works, established in Ishikawa Prefecture, Japan, in 1921.