Marubeni Corp. (OTCMKTS:MARUY) Short Interest Down 39.4% in August

Marubeni Corp. (OTCMKTS:MARUY – Get Free Report) saw a significant decline in short interest in August. As of August 14th, there was short interest totaling 62,373 shares, a decline of 39.4% from the July 30th total of 102,873 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 270,995 shares, the short-interest ratio is presently 0.2 days.

Analyst Upgrades and Downgrades

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

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Marubeni Stock Performance

Shares of MARUY stock traded up $0.98 during trading on Tuesday, reaching $31.54. The company had a trading volume of 167,595 shares, compared to its average volume of 278,364. The firm’s 50 day simple moving average is $89.45 and its two-hundred day simple moving average is $260.37. Marubeni has a one year low of $22.61 and a one year high of $42.61. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.37 and a quick ratio of 0.99. The company has a market capitalization of $52.38 billion, a PE ratio of 13.86, a PEG ratio of 1.66 and a beta of 0.52.

Marubeni (OTCMKTS:MARUY – Get Free Report) last announced its earnings results on Monday, August 3rd. The conglomerate reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.09. Marubeni had a return on equity of 13.16% and a net margin of 6.62%.The firm had revenue of $16.66 billion during the quarter, compared to analysts’ expectations of $13.80 billion. Sell-side analysts forecast that Marubeni will post 2.38 earnings per share for the current year.

About Marubeni

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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.

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