ITOCHU Co. (OTCMKTS:ITOCY - Get Free Report) saw a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 6,400 shares, an increase of 166.7% from the February 13th total of 2,400 shares. Currently, 0.0% of the company's shares are short sold. Based on an average daily trading volume, of 324,400 shares, the days-to-cover ratio is currently 0.0 days.
Institutional Investors Weigh In On ITOCHU
A hedge fund recently raised its stake in ITOCHU stock. GAMMA Investing LLC lifted its position in ITOCHU Co. (OTCMKTS:ITOCY - Free Report) by 13.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,655 shares of the company's stock after acquiring an additional 192 shares during the period. GAMMA Investing LLC's holdings in ITOCHU were worth $163,000 as of its most recent SEC filing. 0.08% of the stock is currently owned by hedge funds and other institutional investors.
ITOCHU Trading Up 2.0 %
OTCMKTS:ITOCY traded up $1.84 during midday trading on Thursday, reaching $91.93. 45,645 shares of the stock traded hands, compared to its average volume of 83,733. The stock has a market capitalization of $66.14 billion, a P/E ratio of 12.00 and a beta of 0.76. ITOCHU has a 12 month low of $79.12 and a 12 month high of $116.50. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.97 and a current ratio of 1.31. The company has a fifty day moving average of $90.59 and a 200 day moving average of $98.14.
ITOCHU (OTCMKTS:ITOCY - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The company reported $2.19 EPS for the quarter. ITOCHU had a net margin of 5.93% and a return on equity of 13.97%.
ITOCHU Company Profile
(
Get Free Report)
ITOCHU Corporation engages in trading and importing/exporting various products worldwide. The company's Textile segment produces and sells raw materials, threads, and textiles; and garments, home furnishings, and industrial materials, as well as trades in industrial textile and lifestyle products. Its Machinery segment engages in the plants, bridges, railways, and other infrastructure; power generation, transmission, transformation, and sale; water, environment and waste-related; ship trading; renewable and alternative energy; and waste recycling businesses.
Read More
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider ITOCHU, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ITOCHU wasn't on the list.
While ITOCHU currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
