Short Interest in Idemitsu Kosan Co.,Ltd. (OTCMKTS:IDKOY) Expands By 90.1%

Idemitsu Kosan Co.,Ltd. (OTCMKTS:IDKOY) was the recipient of a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 673 shares, a growth of 90.1% from the May 14th total of 354 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 3,021 shares, the short-interest ratio is presently 0.2 days.

Analysts Set New Price Targets

Separately, Zacks Research upgraded Idemitsu Kosan Co.,Ltd. to a “hold” rating in a research note on Friday, April 24th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold”.

Idemitsu Kosan Co.,Ltd. Price Performance

OTCMKTS:IDKOY traded down $1.77 during trading hours on Friday, reaching $15.19. 525 shares of the company were exchanged, compared to its average volume of 3,529. The company has a market capitalization of $9.29 billion and a P/E ratio of 0.38. Idemitsu Kosan Co.,Ltd. has a 1-year low of $11.20 and a 1-year high of $21.05. The business has a 50 day moving average of $18.07 and a 200 day moving average of $17.24.

Idemitsu Kosan Co.,Ltd. Company Profile

Idemitsu Kosan Co, Ltd. is a Japanese energy company primarily engaged in the refining of crude oil and the production of petroleum products. Established in 1911 by Sazo Idemitsu, the company has grown into one of Japan’s leading refiners, supplying gasoline, diesel, jet fuel and kerosene to both industrial and retail customers. Its core refining operations are supported by a network of domestic refineries that process a wide range of crude oils.

In addition to its downstream refining business, Idemitsu Kosan manufactures petrochemical feedstocks used in the production of plastics, synthetic rubbers and other chemical intermediates.