Marubeni Corp. (OTCMKTS:MARUY) Short Interest Up 119.1% in June

Marubeni Corp. (OTCMKTS:MARUYGet Free Report) saw a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 11,474 shares, an increase of 119.1% from the June 15th total of 5,238 shares. Based on an average daily volume of 75,954 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the company’s stock are short sold.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group downgraded Marubeni from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 6th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has an average rating of “Hold”.

Read Our Latest Analysis on Marubeni

Marubeni Stock Up 2.3%

MARUY stock traded up $0.70 during trading hours on Wednesday, hitting $31.27. The company’s stock had a trading volume of 111,051 shares, compared to its average volume of 292,405. The stock has a 50 day moving average price of $291.22 and a two-hundred day moving average price of $328.78. Marubeni has a 12 month low of $19.50 and a 12 month high of $42.61. The company has a market capitalization of $51.48 billion, a PE ratio of 14.19, a price-to-earnings-growth ratio of 1.67 and a beta of 0.52. The company has a quick ratio of 0.99, a current ratio of 1.37 and a debt-to-equity ratio of 0.43.

Marubeni (OTCMKTS:MARUYGet Free Report) last released its quarterly earnings results on Friday, May 1st. The conglomerate reported $4.33 earnings per share for the quarter, missing analysts’ consensus estimates of $4.58 by ($0.25). Marubeni had a net margin of 6.60% and a return on equity of 13.11%. The business had revenue of $13.36 billion for the quarter, compared to the consensus estimate of $14.83 billion. On average, equities research analysts expect that Marubeni will post 2.39 earnings per share for the current year.

About Marubeni

(Get Free Report)

Marubeni Corporation (OTCMKTS:MARUY) is a major Japanese sogo shosha, or integrated trading and investment company, headquartered in Tokyo. The firm conducts a broad range of commercial activities that span commodity trading, project development, investment and financing, and supply-chain services. Marubeni operates through a network of subsidiaries, joint ventures and branch offices to support cross-border trade and large-scale industrial projects.

The company’s activities cover a wide set of industry sectors, including energy and power, metals and minerals, chemicals and industrial materials, food and consumer products, transportation and industrial machinery, and infrastructure.

Further Reading

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