Short Interest in Marubeni Corp. (OTCMKTS:MARUY) Increases By 119.1%

Marubeni Corp. (OTCMKTS:MARUY) was the target of a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 11,474 shares, an increase of 119.1% from the June 15th total of 5,238 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 75,954 shares, the short-interest ratio is presently 0.2 days.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group lowered Marubeni from a “buy” rating to a “neutral” rating in a research report on Wednesday, May 6th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold”.

Marubeni Stock Up 2.3%

Shares of MARUY stock traded up $0.70 during trading on Wednesday, hitting $31.27. 111,051 shares of the company were exchanged, compared to its average volume of 292,405. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.99 and a current ratio of 1.37. The firm has a market capitalization of $51.48 billion, a price-to-earnings ratio of 14.19, a P/E/G ratio of 1.67 and a beta of 0.52. The business’s 50-day simple moving average is $291.22 and its 200 day simple moving average is $328.78. Marubeni has a twelve month low of $19.50 and a twelve month high of $42.61.

Marubeni (OTCMKTS:MARUY) last released its quarterly earnings data on Friday, May 1st. The conglomerate reported $4.33 earnings per share for the quarter, missing the consensus estimate of $4.58 by ($0.25). The company had revenue of $13.36 billion during the quarter, compared to analyst estimates of $14.83 billion. Marubeni had a net margin of 6.60% and a return on equity of 13.11%. As a group, analysts forecast that Marubeni will post 2.39 EPS for the current fiscal year.

About Marubeni

Marubeni Corporation (OTCMKTS:MARUY) is a major Japanese sogo shosha, or integrated trading and investment company, headquartered in Tokyo. The firm conducts a broad range of commercial activities that span commodity trading, project development, investment and financing, and supply-chain services. Marubeni operates through a network of subsidiaries, joint ventures and branch offices to support cross-border trade and large-scale industrial projects.

The company’s activities cover a wide set of industry sectors, including energy and power, metals and minerals, chemicals and industrial materials, food and consumer products, transportation and industrial machinery, and infrastructure.