Mitsubishi Co. (OTCMKTS:MSBHF - Get Free Report) was the recipient of a large drop in short interest in February. As of February 15th, there was short interest totalling 2,202,400 shares, a drop of 30.2% from the January 31st total of 3,155,900 shares. Based on an average daily volume of 30,000 shares, the days-to-cover ratio is currently 73.4 days.
Mitsubishi Stock Performance
Shares of Mitsubishi stock traded down $0.40 during midday trading on Monday, hitting $16.70. The company had a trading volume of 43,682 shares, compared to its average volume of 32,533. The company has a quick ratio of 1.13, a current ratio of 1.46 and a debt-to-equity ratio of 0.33. Mitsubishi has a 12-month low of $15.25 and a 12-month high of $24.52. The stock has a market cap of $66.40 billion, a price-to-earnings ratio of 9.65 and a beta of 0.63. The company has a fifty day simple moving average of $16.16 and a 200 day simple moving average of $17.98.
Mitsubishi (OTCMKTS:MSBHF - Get Free Report) last released its earnings results on Thursday, February 6th. The company reported $0.35 earnings per share (EPS) for the quarter. Mitsubishi had a return on equity of 10.56% and a net margin of 5.81%. As a group, analysts predict that Mitsubishi will post 1.6 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Separately, Macquarie lowered Mitsubishi from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, January 7th.
Check Out Our Latest Research Report on MSBHF
About Mitsubishi
(
Get Free Report)
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.
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