Komatsu Ltd. (OTCMKTS:KMTUY) Shares Shorted: Short Interest Down 95.7% in October

Komatsu Ltd. (OTCMKTS:KMTUY) saw a significant drop in short interest in October. As of October 30th, there was short interest totaling 14,273 shares, a drop of 95.7% from the October 15th total of 331,125 shares. Based on an average daily volume of 144,698 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

Komatsu Stock Down 1.9%

OTCMKTS:KMTUY traded down $0.75 during mid-day trading on Tuesday, hitting $38.14. 91,736 shares of the company’s stock traded hands, compared to its average volume of 112,638. The company has a fifty day moving average of $44.85 and a 200 day moving average of $43.31. Komatsu has a twelve month low of $30.65 and a twelve month high of $52.74. The company has a market capitalization of $35.48 billion, a P/E ratio of 13.99, a P/E/G ratio of 2.02 and a beta of 1.09. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.12 and a current ratio of 1.96.

Komatsu (OTCMKTS:KMTUY) last issued its quarterly earnings results on Thursday, October 29th. The industrial products company reported $0.68 earnings per share for the quarter, missing the consensus estimate of $0.72 by ($0.04). Komatsu had a return on equity of 10.56% and a net margin of 8.92%. The business had revenue of $7.07 billion during the quarter, compared to analyst estimates of $6.70 billion. On average, analysts forecast that Komatsu will post 2.77 EPS for the current year.

Wall Street Analysts Forecast Growth

KMTUY has been the subject of a number of recent research reports. Citigroup upgraded shares of Komatsu from a “hold” rating to a “strong-buy” rating in a report on Friday, September 25th. Zacks Research upgraded shares of Komatsu from a “strong sell” rating to a “hold” rating in a report on Monday, August 3rd. Finally, The Goldman Sachs Group raised shares of Komatsu from a “hold” rating to a “strong-buy” rating in a research report on Sunday, October 4th. Two analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy”.

About Komatsu

Komatsu Ltd. is a Japanese manufacturer of construction, mining, utility and forestry equipment. Its products include excavators, bulldozers, wheel loaders, motor graders and mining trucks, along with machinery and services for forestry operations. The company also provides equipment maintenance, parts and technology solutions, including systems that support fleet management and automated operations. Founded in 1921 and headquartered in Tokyo, Komatsu has expanded from its origins as a Japanese industrial manufacturer into a global equipment and services provider.