Short Interest in ITOCHU Co. (OTCMKTS:ITOCY) Rises By 33.7%

ITOCHU Co. (OTCMKTS:ITOCY) was the recipient of a significant growth in short interest in May. As of May 15th, there was short interest totalling 22,600 shares, a growth of 33.7% from the April 30th total of 16,900 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 85,900 shares, the days-to-cover ratio is presently 0.3 days.

ITOCHU Price Performance

Shares of ITOCY stock traded up $1.88 during trading hours on Tuesday, hitting $108.27. 125,464 shares of the company’s stock were exchanged, compared to its average volume of 75,246. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.41. ITOCHU has a 12-month low of $79.12 and a 12-month high of $116.50. The company has a market capitalization of $77.90 billion, a PE ratio of 14.13 and a beta of 0.84. The business’s 50 day simple moving average is $98.06 and its 200-day simple moving average is $95.60.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Confluence Investment Management LLC increased its stake in shares of ITOCHU by 2.5% in the first quarter. Confluence Investment Management LLC now owns 8,516 shares of the company’s stock worth $792,000 after buying an additional 204 shares during the period. SVB Wealth LLC purchased a new stake in ITOCHU in the 4th quarter worth approximately $413,000. Finally, GAMMA Investing LLC boosted its stake in ITOCHU by 6,003.3% in the 1st quarter. GAMMA Investing LLC now owns 101,009 shares of the company’s stock worth $9,395,000 after purchasing an additional 99,354 shares during the period. 0.08% of the stock is owned by hedge funds and other institutional investors.

ITOCHU Company Profile

ITOCHU Corporation engages in trading and importing/exporting various products worldwide. The company’s Textile segment produces and sells raw materials, threads, and textiles; and garments, home furnishings, and industrial materials, as well as trades in industrial textile and lifestyle products. Its Machinery segment engages in the plants, bridges, railways, and other infrastructure; power generation, transmission, transformation, and sale; water, environment and waste-related; ship trading; renewable and alternative energy; and waste recycling businesses.