Itochu Corp. (OTCMKTS:ITOCY – Get Free Report) was the target of a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 171,350 shares, a growth of 92.6% from the June 30th total of 88,985 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 878,582 shares, the days-to-cover ratio is currently 0.2 days.
Itochu Price Performance
ITOCY stock opened at $12.33 on Thursday. The stock has a 50-day moving average price of $11.72 and a two-hundred day moving average price of $12.59. Itochu has a 12-month low of $10.36 and a 12-month high of $15.10. The company has a current ratio of 1.32, a quick ratio of 0.99 and a debt-to-equity ratio of 0.41. The company has a market cap of $97.71 billion, a PE ratio of 13.85 and a beta of 0.64.
Itochu (OTCMKTS:ITOCY – Get Free Report) last announced its quarterly earnings results on Friday, May 1st. The company reported $0.18 EPS for the quarter, hitting the consensus estimate of $0.18. The firm had revenue of $24.49 billion for the quarter, compared to analyst estimates of $28.52 billion. As a group, research analysts predict that Itochu will post 0.86 EPS for the current year.
Institutional Inflows and Outflows
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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