Mitsui & Co. (OTCMKTS:MITSY) Sees Significant Growth in Short Interest

Mitsui & Co. (OTCMKTS:MITSY) was the recipient of a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 3,061 shares, a growth of 71.5% from the April 30th total of 1,785 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 12,272 shares, the short-interest ratio is currently 0.2 days.

Analysts Set New Price Targets

Separately, Zacks Research upgraded Mitsui & Co. from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 20th. One analyst has rated the stock with a Strong Buy rating, According to MarketBeat, the company currently has a consensus rating of “Strong Buy”.

Mitsui & Co. Price Performance

Shares of MITSY opened at $640.13 on Wednesday. Mitsui & Co. has a twelve month low of $388.00 and a twelve month high of $835.49. The stock’s 50 day moving average is $747.62 and its two-hundred day moving average is $676.30. The firm has a market capitalization of $91.44 billion, a PE ratio of 16.57, a P/E/G ratio of 1.16 and a beta of 0.45. The company has a current ratio of 1.41, a quick ratio of 1.19 and a debt-to-equity ratio of 0.56.

Mitsui & Co. (OTCMKTS:MITSY) last announced its quarterly earnings data on Thursday, April 30th. The industrial products company reported $9.94 earnings per share for the quarter, missing analysts’ consensus estimates of $10.81 by ($0.87). Mitsui & Co. had a net margin of 5.96% and a return on equity of 9.81%. The business had revenue of $23.22 billion during the quarter, compared to analysts’ expectations of $34.72 billion. Research analysts anticipate that Mitsui & Co. will post 47.08 earnings per share for the current year.

About Mitsui & Co.

Mitsui & Co, Ltd. (OTCMKTS: MITSY) is a global sogo shosha, or general trading company, headquartered in Tokyo, Japan. Established in the aftermath of World War II, Mitsui & Co has grown into one of Japan’s largest trading houses, operating across a wide range of industries to connect producers, manufacturers and consumers around the world.

The company’s core activities include commodity trading, resource and energy development, project and infrastructure development, and strategic investing.