Itochu Corp. (OTCMKTS:ITOCY – Get Free Report) was the target of a large growth in short interest in August. As of August 31st, there was short interest totaling 346,661 shares, a growth of 103.7% from the August 15th total of 170,213 shares. Based on an average daily trading volume, of 690,273 shares, the short-interest ratio is presently 0.5 days. Currently, 0.0% of the company’s stock are sold short.
Itochu Stock Up 0.4%
ITOCY stock traded up $0.06 during trading on Monday, reaching $15.11. 44,705 shares of the stock were exchanged, compared to its average volume of 467,877. The firm’s 50 day moving average is $12.77 and its 200 day moving average is $12.56. The firm has a market cap of $119.70 billion, a P/E ratio of 16.24 and a beta of 0.63. The company has a current ratio of 1.35, a quick ratio of 1.02 and a debt-to-equity ratio of 0.46. Itochu has a twelve month low of $10.75 and a twelve month high of $15.44.
Itochu (OTCMKTS:ITOCY – Get Free Report) last announced its quarterly earnings data on Monday, August 3rd. The company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.01). The business had revenue of $24.75 billion during the quarter, compared to analysts’ expectations of $22.01 billion. As a group, research analysts forecast that Itochu will post 0.92 EPS for the current year.
Institutional Trading of Itochu
About Itochu
Itochu Corporation is a diversified Japanese general trading company, or sogo shosha, that develops and manages businesses across multiple industries. The company is involved in the sourcing, distribution, financing and investment of products and services through global supply chains.
Its principal business areas include textiles; metals and minerals; food; machinery; energy and chemicals; general products and real estate; and information, communications and financial services. Its activities range from apparel and food distribution to infrastructure, industrial equipment, natural resources, consumer products, logistics, information technology and financial solutions.
Founded in 1858 by Chubei Itoh as a textile-trading business, Itochu has expanded into an international enterprise with operations and business partners in Japan and markets throughout Asia, North America, Europe and other regions.
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