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

Mitsui & Co. (OTCMKTS:MITSY) saw a large decrease in short interest in the month of June. As of June 30th, there was short interest totaling 532 shares, a decrease of 54.8% from the June 15th total of 1,178 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 22,250 shares, the short-interest ratio is currently 0.0 days.

Mitsui & Co. Stock Up 1.3%

Shares of Mitsui & Co. stock traded up $7.32 on Wednesday, hitting $592.51. 2,104 shares of the company traded hands, compared to its average volume of 7,994. Mitsui & Co. has a 12-month low of $388.00 and a 12-month high of $835.49. The company has a quick ratio of 1.19, a current ratio of 1.41 and a debt-to-equity ratio of 0.56. The company has a market cap of $84.63 billion, a PE ratio of 15.34, a PEG ratio of 1.04 and a beta of 0.48. The company has a 50-day moving average price of $636.93 and a 200 day moving average price of $685.17.

Mitsui & Co. (OTCMKTS:MITSY) last announced 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). The firm had revenue of $23.22 billion for the quarter, compared to analysts’ expectations of $34.72 billion. Mitsui & Co. had a return on equity of 9.81% and a net margin of 5.96%. Sell-side analysts predict that Mitsui & Co. will post 47.56 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

Mitsui & Co. Company Profile

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.