Short Interest in Mitsubishi Co. (OTCMKTS:MSBHF) Rises By 74.7%

Mitsubishi Co. (OTCMKTS:MSBHF - Get Free Report) was the target of a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 4,132,300 shares, a growth of 74.7% from the February 28th total of 2,364,800 shares. Based on an average trading volume of 59,100 shares, the days-to-cover ratio is currently 69.9 days. Currently, 0.1% of the shares of the company are sold short.

Analyst Ratings Changes

Separately, Macquarie cut Mitsubishi from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, January 7th.

Mitsubishi Stock Performance

Shares of Mitsubishi stock traded up $0.17 during trading hours on Wednesday, reaching $17.82. The company's stock had a trading volume of 130,128 shares, compared to its average volume of 41,956. Mitsubishi has a one year low of $15.25 and a one year high of $24.27. The company's 50 day simple moving average is $17.00 and its 200 day simple moving average is $17.61. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.13 and a current ratio of 1.46. The stock has a market cap of $70.86 billion, a P/E ratio of 10.30 and a beta of 0.63.

Mitsubishi (OTCMKTS:MSBHF - Get Free Report) last issued its earnings results on Thursday, February 6th. The company reported $0.35 earnings per share (EPS) for the quarter. Mitsubishi had a net margin of 5.81% and a return on equity of 10.56%. As a group, analysts expect that Mitsubishi will post 1.6 EPS for the current fiscal year.

About Mitsubishi

Mitsubishi Corporation engages in the natural gas, industrial materials and infrastructure, petroleum and chemicals, mineral resources, automotive and mobility, food and consumer industry, power solution, and urban development businesses worldwide. The Natural Gas segment engages in the development and production of natural gas/oil; and liquified natural gas business.