Mitsubishi Heavy Industries, Ltd. (OTCMKTS:MHVYF) Short Interest Update

Mitsubishi Heavy Industries, Ltd. (OTCMKTS:MHVYF - Get Free Report) was the target of a significant increase in short interest in March. As of March 31st, there was short interest totalling 11,399,300 shares, an increase of 21.4% from the March 15th total of 9,389,000 shares. Based on an average daily volume of 688,400 shares, the days-to-cover ratio is presently 16.6 days. Approximately 0.3% of the shares of the stock are short sold.

Mitsubishi Heavy Industries Trading Down 2.7 %

OTCMKTS MHVYF traded down $0.50 during mid-day trading on Wednesday, reaching $18.25. 79,807 shares of the stock were exchanged, compared to its average volume of 73,615. Mitsubishi Heavy Industries has a one year low of $7.99 and a one year high of $20.34. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.20 and a quick ratio of 0.85. The stock has a 50 day simple moving average of $16.47 and a 200-day simple moving average of $15.24. The stock has a market cap of $61.57 billion, a P/E ratio of 40.95 and a beta of 0.44.

Mitsubishi Heavy Industries (OTCMKTS:MHVYF - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.13 earnings per share (EPS) for the quarter. Mitsubishi Heavy Industries had a return on equity of 10.66% and a net margin of 5.17%.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group upgraded shares of Mitsubishi Heavy Industries from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 5th.

Mitsubishi Heavy Industries Company Profile

Mitsubishi Heavy Industries, Ltd. manufactures and sells heavy machinery worldwide. It operates through Energy Systems; Plants & Infrastructure Systems; Logistics, Thermal & Drive Systems; and Aircraft, Defense & Space segments. The company offers thermal, renewable energy, nuclear power generation, and engine power plants; oil and gas production plants; lithium-ion battery products and fuel cells; civil aircrafts and engines, aviation equipment, and maintenance, repair, and overhaul of aircrafts; and launch vehicles and services, rocket engines, reaction control systems, space stations, rocket launchers, rocket engine combustion test facilities, and electronic parts.