Short Interest in Mitsubishi Co. (OTCMKTS:MSBHF) Increases By 74.7%

Mitsubishi Co. (OTCMKTS:MSBHF) was the target of a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 4,132,300 shares, an increase of 74.7% from the February 28th total of 2,364,800 shares. Based on an average daily volume of 59,100 shares, the days-to-cover ratio is presently 69.9 days. Currently, 0.1% of the company’s stock are short sold.

Mitsubishi Stock Performance

Shares of MSBHF opened at $18.00 on Monday. The firm has a market cap of $71.57 billion, a price-to-earnings ratio of 10.40 and a beta of 0.63. The company’s fifty day moving average is $16.92 and its 200-day moving average is $17.64. The company has a quick ratio of 1.13, a current ratio of 1.46 and a debt-to-equity ratio of 0.33. Mitsubishi has a 12 month low of $15.25 and a 12 month high of $24.27.

Mitsubishi (OTCMKTS:MSBHF) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.35 EPS for the quarter. Mitsubishi had a return on equity of 10.56% and a net margin of 5.81%. Equities analysts expect that Mitsubishi will post 1.6 EPS for the current fiscal year.

Analysts Set New Price Targets

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

About Mitsubishi

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.