Mitsui O.S.K. Lines, Ltd. (OTCMKTS:MSLOY) Stock Short Interest Declines 50.8%

Mitsui O.S.K. Lines, Ltd. (OTCMKTS:MSLOY) was the recipient of a large decrease in short interest in the month of October. As of October 15th, there was short interest totaling 25,586 shares, a decrease of 50.8% from the September 30th total of 51,986 shares. Based on an average daily volume of 46,329 shares, the short-interest ratio is currently 0.6 days. Approximately 0.0% of the shares of the company are sold short.

Mitsui O.S.K. Lines Stock Up 2.8%

Shares of MSLOY stock traded up $0.65 during trading hours on Friday, reaching $24.20. 13,960 shares of the company traded hands, compared to its average volume of 19,290. The firm has a 50-day moving average price of $22.94 and a 200 day moving average price of $19.37. Mitsui O.S.K. Lines has a 12-month low of $13.71 and a 12-month high of $24.94.

Wall Street Analyst Weigh In

Separately, Zacks Research lowered shares of Mitsui O.S.K. Lines from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 19th. One research analyst has rated the stock with a Hold rating. According to data from MarketBeat, Mitsui O.S.K. Lines presently has a consensus rating of “Hold”.

About Mitsui O.S.K. Lines

Mitsui O.S.K. Lines, Ltd. (OTCMKTS:MSLOY) is a Japan-based global transportation and logistics company that operates ocean-going vessels and provides related services. Its activities include the transportation of automobiles, dry bulk commodities, crude oil, petroleum products, chemicals, liquefied natural gas and other energy resources.

The company also provides logistics and supply-chain services, including marine transport, terminal operations and offshore-related services. MOL operates a diverse fleet and serves customers across major international trade routes, connecting Japan and other parts of Asia with North America, Europe, the Middle East, Africa and other global markets.

MOL traces its origins to Osaka Shosen Kaisha, established in 1884.