ITOCHU Co. (OTCMKTS:ITOCY - Get Free Report) was the target of a significant growth in short interest during the month of March. As of March 31st, there was short interest totalling 66,300 shares, a growth of 333.3% from the March 15th total of 15,300 shares. Based on an average daily volume of 96,400 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.0% of the shares of the company are short sold.
Institutional Trading of ITOCHU
Institutional investors have recently modified their holdings of the business. GAMMA Investing LLC boosted its position in shares of ITOCHU by 6,003.3% during the 1st quarter. GAMMA Investing LLC now owns 101,009 shares of the company's stock worth $9,395,000 after purchasing an additional 99,354 shares in the last quarter. Confluence Investment Management LLC boosted its stake in shares of ITOCHU by 2.5% during the 1st quarter. Confluence Investment Management LLC now owns 8,516 shares of the company's stock worth $792,000 after acquiring an additional 204 shares in the last quarter. Finally, SVB Wealth LLC purchased a new position in ITOCHU in the 4th quarter valued at approximately $413,000. 0.08% of the stock is currently owned by hedge funds and other institutional investors.
ITOCHU Stock Performance
OTCMKTS:ITOCY traded up $0.95 during midday trading on Friday, reaching $92.95. The stock had a trading volume of 52,051 shares, compared to its average volume of 80,796. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.41. The stock has a market cap of $66.88 billion, a P/E ratio of 12.13 and a beta of 0.73. The firm has a fifty day simple moving average of $90.36 and a two-hundred day simple moving average of $95.66. ITOCHU has a 12-month low of $79.12 and a 12-month high of $116.50.
ITOCHU (OTCMKTS:ITOCY - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The company reported $2.19 earnings per share (EPS) for the quarter. ITOCHU had a net margin of 5.93% and a return on equity of 13.97%.
About ITOCHU
(
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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.
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