Itochu Corp. (OTCMKTS:ITOCY – Get Free Report) was the target of a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 405,036 shares, a growth of 3,686.8% from the April 15th total of 10,696 shares. Based on an average daily volume of 882,591 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.0% of the shares of the company are short sold.
Itochu Stock Performance
OTCMKTS:ITOCY traded down $0.20 during midday trading on Monday, reaching $12.65. 319,339 shares of the company traded hands, compared to its average volume of 461,577. The company has a fifty day moving average price of $12.85 and a 200 day moving average price of $55.31. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.30 and a quick ratio of 0.96. The firm has a market capitalization of $100.24 billion, a price-to-earnings ratio of 14.21 and a beta of 0.65. Itochu has a twelve month low of $9.98 and a twelve month high of $15.10.
Itochu (OTCMKTS:ITOCY – Get Free Report) last announced its earnings results on Friday, May 1st. The company reported $0.18 earnings per share for the quarter, meeting the consensus estimate of $0.18. The business had revenue of $24.49 billion for the quarter, compared to the consensus estimate of $28.52 billion. On average, analysts expect that Itochu will post 0.44 EPS for the current fiscal year.
Institutional Trading of Itochu
Analysts Set New Price Targets
A number of research analysts recently issued reports on the company. Nomura upgraded Itochu to a “strong-buy” rating in a research report on Wednesday, February 25th. Daiwa Securities Group upgraded Itochu to a “strong-buy” rating in a research report on Friday, February 27th. Finally, Zacks Research upgraded Itochu to a “hold” rating in a research report on Monday, January 12th. Two equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy”.
Get Our Latest Research Report on Itochu
About Itochu
Itochu Corporation is a major Japanese trading company (sogo shosha) that operates a diversified global business spanning trading, investment and services. The company traces its roots to the 19th century and has evolved from a textile trading firm into a broad-based commercial and investment group. Its American Depositary Receipts trade over the counter under the symbol ITOCY.
Itochu conducts commodity and product trading across a wide range of sectors including textiles and apparel, machinery, metals and minerals, energy and chemicals, food and consumer products, information and communications technology, and real estate.
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