Idemitsu Kosan Co.,Ltd. (OTCMKTS:IDKOY) Short Interest Update

Idemitsu Kosan Co.,Ltd. (OTCMKTS:IDKOY) saw a large decrease in short interest in April. As of April 30th, there was short interest totaling 449 shares, a decrease of 83.5% from the April 15th total of 2,721 shares. Based on an average daily trading volume, of 7,688 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

Idemitsu Kosan Co.,Ltd. Stock Performance

Shares of IDKOY stock remained flat at $17.65 during mid-day trading on Thursday. 133 shares of the stock were exchanged, compared to its average volume of 3,573. Idemitsu Kosan Co.,Ltd. has a 52 week low of $11.01 and a 52 week high of $21.05. The company has a market capitalization of $10.79 billion and a P/E ratio of 0.38. The firm’s fifty day moving average is $18.74 and its 200-day moving average is $16.78.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of Idemitsu Kosan Co.,Ltd. to a “hold” rating in a research note on Friday, April 24th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

About Idemitsu Kosan Co.,Ltd.

Idemitsu Kosan Co, Ltd. is a Japanese energy company primarily engaged in the refining of crude oil and the production of petroleum products. Established in 1911 by Sazo Idemitsu, the company has grown into one of Japan’s leading refiners, supplying gasoline, diesel, jet fuel and kerosene to both industrial and retail customers. Its core refining operations are supported by a network of domestic refineries that process a wide range of crude oils.

In addition to its downstream refining business, Idemitsu Kosan manufactures petrochemical feedstocks used in the production of plastics, synthetic rubbers and other chemical intermediates.