Short Interest in Mitsubishi Co. (OTCMKTS:MSBHF) Decreases By 30.2%

Mitsubishi Co. (OTCMKTS:MSBHF) was the target of a large decline in short interest in the month of February. As of February 15th, there was short interest totalling 2,202,400 shares, a decline of 30.2% from the January 31st total of 3,155,900 shares. Based on an average trading volume of 30,000 shares, the short-interest ratio is presently 73.4 days.

Mitsubishi Price Performance

Shares of MSBHF traded up $0.30 during midday trading on Tuesday, hitting $17.00. 31,645 shares of the company traded hands, compared to its average volume of 31,694. The stock has a 50-day moving average of $16.18 and a 200-day moving average of $17.96. Mitsubishi has a one year low of $15.25 and a one year high of $24.52. The firm has a market cap of $67.60 billion, a P/E ratio of 9.83 and a beta of 0.63. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.46 and a quick ratio of 1.13.

Mitsubishi (OTCMKTS:MSBHF) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.35 earnings per share for the quarter. Mitsubishi had a return on equity of 10.56% and a net margin of 5.81%. As a group, sell-side analysts predict that Mitsubishi will post 1.6 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Macquarie cut Mitsubishi from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 7th.

Mitsubishi Company Profile

Mitsubishi Corporation engages in the natural gas, industrial materials and infrastructure, petroleum and chemicals, mineral resources, automotive and mobility, food and consumer industry, power solution, and urban development businesses worldwide. The Natural Gas segment engages in the development and production of natural gas/oil; and liquified natural gas business.