Idemitsu Kosan Co.,Ltd. (OTCMKTS:IDKOY – Get Free Report) was the target of a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 2,815 shares, a growth of 363.8% from the September 30th total of 607 shares. Based on an average daily volume of 1,900 shares, the days-to-cover ratio is presently 1.5 days. Approximately 0.0% of the shares of the stock are sold short.
Idemitsu Kosan Co.,Ltd. Stock Performance
Shares of IDKOY stock opened at $19.99 on Friday. Idemitsu Kosan Co.,Ltd. has a 52 week low of $13.45 and a 52 week high of $22.79. The company’s fifty day simple moving average is $19.68 and its two-hundred day simple moving average is $17.90.
Wall Street Analyst Weigh In
Separately, Zacks Research raised shares of Idemitsu Kosan Co.,Ltd. from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 15th. One analyst has rated the stock with a Strong Buy rating. According to MarketBeat.com, Idemitsu Kosan Co.,Ltd. presently has an average rating of “Strong Buy”.
Read Our Latest Stock Analysis on Idemitsu Kosan Co.,Ltd.
About Idemitsu Kosan Co.,Ltd.
Idemitsu Kosan Co, Ltd. is a Japan-based energy and materials company engaged primarily in the petroleum, chemicals, and energy industries. Its operations include the refining and marketing of crude oil and petroleum products, including gasoline, diesel fuel, kerosene, lubricants, and petrochemical feedstocks. The company serves consumers, businesses, transportation operators, and industrial customers through fuel stations, commercial sales channels, and other distribution networks.
In addition to its petroleum operations, Idemitsu Kosan produces and sells basic chemicals and functional materials used in areas such as electronics, mobility, and industrial manufacturing.
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