ITOCHU Co. (OTCMKTS:ITOCY) Short Interest Down 91.1% in April

ITOCHU Co. (OTCMKTS:ITOCY - Get Free Report) saw a large drop in short interest in April. As of April 15th, there was short interest totalling 5,900 shares, a drop of 91.1% from the March 31st total of 66,300 shares. Based on an average trading volume of 218,500 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.

ITOCHU Trading Down 0.2 %

Shares of ITOCY traded down $0.18 during mid-day trading on Friday, reaching $100.22. 19,047 shares of the company were exchanged, compared to its average volume of 77,752. 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 stock has a market capitalization of $72.11 billion, a PE ratio of 13.08 and a beta of 0.73. The business has a 50 day simple moving average of $91.73 and a two-hundred day simple moving average of $95.36. ITOCHU has a 52 week low of $79.12 and a 52 week high of $116.50.

ITOCHU (OTCMKTS:ITOCY - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The company reported $2.19 EPS for the quarter. ITOCHU had a return on equity of 13.97% and a net margin of 5.93%.

Hedge Funds Weigh In On ITOCHU

Several hedge funds have recently bought and sold shares of ITOCY. GAMMA Investing LLC lifted its stake in shares of ITOCHU by 6,003.3% in the 1st quarter. GAMMA Investing LLC now owns 101,009 shares of the company's stock valued at $9,395,000 after acquiring an additional 99,354 shares during the last quarter. SVB Wealth LLC purchased a new stake in shares of ITOCHU during the 4th quarter valued at about $413,000. Finally, Confluence Investment Management LLC increased its position in ITOCHU by 2.5% during the first quarter. Confluence Investment Management LLC now owns 8,516 shares of the company's stock valued at $792,000 after acquiring an additional 204 shares during the last quarter. Hedge funds and other institutional investors own 0.08% of the company's stock.

About ITOCHU

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.

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.