Short Interest in Mitsui & Co. (OTCMKTS:MITSY) Expands By 264.1%

Mitsui & Co. (OTCMKTS:MITSY) was the recipient of a significant increase in short interest in July. As of July 15th, there was short interest totaling 1,937 shares, an increase of 264.1% from the June 30th total of 532 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 14,638 shares, the days-to-cover ratio is presently 0.1 days.

Mitsui & Co. Stock Performance

Mitsui & Co. stock traded down $3.50 during midday trading on Tuesday, reaching $603.60. 5,251 shares of the company’s stock were exchanged, compared to its average volume of 8,076. The stock’s 50-day simple moving average is $609.45 and its 200 day simple moving average is $685.22. The firm has a market cap of $86.22 billion, a price-to-earnings ratio of 15.63, a P/E/G ratio of 1.11 and a beta of 0.48. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.19 and a current ratio of 1.41. Mitsui & Co. has a 52 week low of $397.36 and a 52 week high of $835.49.

Mitsui & Co. (OTCMKTS:MITSY) last released its quarterly earnings data on Thursday, April 30th. The industrial products company reported $9.94 earnings per share (EPS) for the quarter, missing the consensus estimate 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 the consensus estimate of $34.72 billion. On average, analysts expect that Mitsui & Co. will post 47.56 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Zacks Research cut Mitsui & Co. from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 2nd. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

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.