Short Interest in Mitsubishi Heavy Industries, Ltd. (OTCMKTS:MHVYF) Grows By 24.4%

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.

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%.

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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.