Short Interest in Idemitsu Kosan Co.,Ltd. (OTCMKTS:IDKOY) Rises By 163.5%

Idemitsu Kosan Co.,Ltd. (OTCMKTS:IDKOY) saw a significant increase in short interest in July. As of July 15th, there was short interest totaling 759 shares, an increase of 163.5% from the June 30th total of 288 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 6,668 shares, the short-interest ratio is presently 0.1 days.

Idemitsu Kosan Co.,Ltd. Stock Down 9.5%

Shares of IDKOY stock traded down $1.52 on Tuesday, reaching $14.50. The stock had a trading volume of 5,994 shares, compared to its average volume of 3,409. Idemitsu Kosan Co.,Ltd. has a 12 month low of $12.30 and a 12 month high of $21.05. The firm has a market capitalization of $8.87 billion and a price-to-earnings ratio of 0.38. The firm’s 50-day moving average is $16.18 and its two-hundred day moving average is $17.39.

Analyst Ratings Changes

Separately, Zacks Research raised shares of Idemitsu Kosan Co.,Ltd. to a “hold” rating in a research report on Friday, April 24th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Idemitsu Kosan Co.,Ltd. presently has a consensus 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.