Komatsu Ltd. (OTCMKTS:KMTUY) Short Interest Up 28.6% in March

Komatsu Ltd. (OTCMKTS:KMTUY) was the target of a large growth in short interest during the month of March. As of March 31st, there was short interest totalling 29,700 shares, a growth of 28.6% from the March 15th total of 23,100 shares. Based on an average daily trading volume, of 172,100 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group raised shares of Komatsu from a “strong sell” rating to a “hold” rating in a research report on Monday, March 31st.

Komatsu Stock Performance

Shares of Komatsu stock traded up $0.31 on Friday, hitting $28.56. The stock had a trading volume of 92,463 shares, compared to its average volume of 129,492. The company’s 50 day moving average price is $29.52 and its 200 day moving average price is $28.15. The stock has a market cap of $27.16 billion, a price-to-earnings ratio of 10.13, a P/E/G ratio of 2.29 and a beta of 0.99. The company has a current ratio of 1.91, a quick ratio of 1.04 and a debt-to-equity ratio of 0.16. Komatsu has a 52-week low of $24.05 and a 52-week high of $32.16.

Komatsu (OTCMKTS:KMTUY) last announced its earnings results on Friday, January 31st. The industrial products company reported $0.77 earnings per share (EPS) for the quarter. Komatsu had a net margin of 9.89% and a return on equity of 12.39%. On average, research analysts anticipate that Komatsu will post 2.73 EPS for the current year.

About Komatsu

Komatsu Ltd. manufactures and sells construction, mining, and utility equipment in Japan, the Americas, Europe, China, Rest of Asia, Oceania, the Middle East, Africa, and CIS countries. It operates through three segments: Construction, Mining and Utility Equipment; Retail Finance; and Industrial Machinery and Others.