Ajinomoto Co. (OTCMKTS:AJINY) Sees Significant Increase in Short Interest

Ajinomoto Co. (OTCMKTS:AJINY) was the recipient of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 15,600 shares, an increase of 271.4% from the August 15th total of 4,200 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 30,400 shares, the days-to-cover ratio is presently 0.5 days. Based on an average daily volume of 30,400 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.0% of the shares of the company are short sold.

Ajinomoto Stock Down 1.2%

AJINY stock opened at $28.83 on Friday. The firm’s 50-day moving average is $27.27 and its two-hundred day moving average is $28.18. The company has a market capitalization of $28.73 billion, a price-to-earnings ratio of 48.05 and a beta of 0.52. The company has a current ratio of 1.59, a quick ratio of 0.93 and a debt-to-equity ratio of 0.54. Ajinomoto has a 52 week low of $16.50 and a 52 week high of $30.20.

Ajinomoto (OTCMKTS:AJINY) last announced its quarterly earnings data on Monday, August 4th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.02. The company had revenue of $2.47 billion for the quarter, compared to analysts’ expectations of $2.69 billion. Ajinomoto had a net margin of 6.02% and a return on equity of 10.45%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on AJINY shares. CLSA upgraded shares of Ajinomoto to a “strong-buy” rating in a research report on Wednesday, May 28th. Nomura Securities upgraded shares of Ajinomoto to a “hold” rating in a research report on Tuesday, May 27th. Two equities research analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy”.

About Ajinomoto

Ajinomoto Co, Inc engages in the seasonings and foods, frozen foods, and healthcare and other businesses in Japan and internationally. The Seasonings and Foods segment offers sauces and seasoning products under the AJI-NO-MOTO, HON-DASHI, Cook Do, Ajinomoto KK Consommé, Pure Select Mayonnaise, Ros Dee, Masako, Aji-ngon, Sazón, Sajiku, and CRISPY FRY names; and solutions and ingredients for foodservice and processed food manufacturers, processed foods, and restaurants, as well as industrial, retail, and other applications.