Mitsubishi Heavy Industries, Ltd. (OTCMKTS:MHVYF - Get Free Report) was the target of a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 8,664,800 shares, a growth of 24.4% from the February 13th total of 6,965,100 shares. Based on an average daily trading volume, of 15,600 shares, the days-to-cover ratio is presently 555.4 days. Approximately 0.3% of the company's stock are short sold.
Wall Street Analysts Forecast Growth
Separately, The Goldman Sachs Group upgraded Mitsubishi Heavy Industries from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 5th.
Get Our Latest Stock Analysis on MHVYF
Mitsubishi Heavy Industries Stock Performance
Shares of MHVYF stock traded down $0.40 during mid-day trading on Wednesday, reaching $19.30. The stock had a trading volume of 301,540 shares, compared to its average volume of 17,282. The business's fifty day moving average is $14.68 and its 200-day moving average is $14.48. The company has a current ratio of 1.20, a quick ratio of 0.85 and a debt-to-equity ratio of 0.33. The firm has a market cap of $65.11 billion, a price-to-earnings ratio of 36.83 and a beta of 0.76. Mitsubishi Heavy Industries has a 1-year low of $7.99 and a 1-year high of $20.00.
Mitsubishi Heavy Industries (OTCMKTS:MHVYF - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.13 earnings per share for the quarter. Mitsubishi Heavy Industries had a return on equity of 10.66% and a net margin of 5.17%.
Mitsubishi Heavy Industries Company Profile
(
Get Free Report)
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.
Further Reading
Before you consider Mitsubishi Heavy Industries, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Mitsubishi Heavy Industries wasn't on the list.
While Mitsubishi Heavy Industries currently has a Strong Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering when you'll finally be able to invest in SpaceX, Starlink, or X.AI? Enter your email address to learn when Elon Musk will let these companies finally IPO.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.