Short Interest in ITOCHU Co. (OTCMKTS:ITOCY) Rises By 1,292.3%

ITOCHU Co. (OTCMKTS:ITOCY - Get Free Report) was the recipient of a large increase in short interest in the month of December. As of December 31st, there was short interest totalling 18,100 shares, an increase of 1,292.3% from the December 15th total of 1,300 shares. Based on an average daily trading volume, of 68,100 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Trading of ITOCHU

A hedge fund recently raised its stake in ITOCHU stock. Rhumbline Advisers lifted its holdings in ITOCHU Co. (OTCMKTS:ITOCY - Free Report) by 5.1% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,001 shares of the company's stock after buying an additional 535 shares during the period. Rhumbline Advisers' holdings in ITOCHU were worth $1,082,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 0.08% of the company's stock.

ITOCHU Price Performance

Shares of ITOCY traded down $0.08 during mid-day trading on Monday, reaching $92.44. The company had a trading volume of 84,031 shares, compared to its average volume of 49,947. The company's 50 day simple moving average is $99.70 and its 200 day simple moving average is $100.60. The company has a market capitalization of $66.51 billion, a price-to-earnings ratio of 12.49 and a beta of 0.75. ITOCHU has a 1-year low of $79.25 and a 1-year high of $116.50. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.98 and a current ratio of 1.31.

ITOCHU Company Profile

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.