Idemitsu Kosan Co.,Ltd. (OTCMKTS:IDKOY) Sees Large Growth in Short Interest

Idemitsu Kosan Co.,Ltd. (OTCMKTS:IDKOY) saw a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 759 shares, an increase of 163.5% from the June 30th total of 288 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 6,668 shares, the days-to-cover ratio is currently 0.1 days.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised Idemitsu Kosan Co.,Ltd. to a “hold” rating in a research report on Friday, April 24th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

Idemitsu Kosan Co.,Ltd. Price Performance

Shares of OTCMKTS IDKOY remained flat at $14.50 on Wednesday. The stock had a trading volume of 5,994 shares, compared to its average volume of 3,409. Idemitsu Kosan Co.,Ltd. has a 52 week low of $12.30 and a 52 week high of $21.05. The firm has a market cap of $8.87 billion and a price-to-earnings ratio of 0.38. The company has a 50-day moving average price of $16.12 and a 200 day moving average price of $17.39.

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.