Short Interest in Hitachi, Ltd. (OTCMKTS:HTHIY) Drops By 19.3%

Hitachi, Ltd. (OTCMKTS:HTHIY - Get Free Report) was the recipient of a large decrease in short interest in the month of March. As of March 15th, there was short interest totalling 350,300 shares, a decrease of 19.3% from the February 28th total of 434,300 shares. Based on an average daily volume of 615,600 shares, the short-interest ratio is presently 0.6 days. Currently, 0.0% of the company's stock are sold short.

Hitachi Stock Down 8.3 %

Shares of OTCMKTS HTHIY traded down $1.76 during midday trading on Friday, reaching $19.52. 656,299 shares of the company's stock traded hands, compared to its average volume of 291,331. The company has a market cap of $89.41 billion, a price-to-earnings ratio of 5.97, a P/E/G ratio of 3.43 and a beta of 0.76. The stock's 50 day simple moving average is $34.37 and its 200-day simple moving average is $45.28. The company has a quick ratio of 0.81, a current ratio of 1.08 and a debt-to-equity ratio of 0.13. Hitachi has a one year low of $16.80 and a one year high of $29.99.

Hitachi (OTCMKTS:HTHIY - Get Free Report) last announced its earnings results on Friday, January 31st. The conglomerate reported $1.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $1.52. Hitachi had a return on equity of 9.65% and a net margin of 6.03%. On average, analysts predict that Hitachi will post 0.47 EPS for the current fiscal year.

Hitachi Company Profile

Hitachi, Ltd. provides digital system and services, green energy and mobility, and connective industry solutions in Japan and internationally. It operates through seven segments: Digital Systems & Services, Green Energy & Mobility, Connective Industries, Automotive System, Hitachi Construction Machinery, Hitachi Metals, and Others.