Marubeni Corp. (OTCMKTS:MARUY) Short Interest Down 39.4% in August

Marubeni Corp. (OTCMKTS:MARUY) was the target of a large decline in short interest in August. As of August 14th, there was short interest totaling 62,373 shares, a decline of 39.4% from the July 30th total of 102,873 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 270,995 shares, the days-to-cover ratio is presently 0.2 days.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group cut Marubeni from a “buy” rating to a “neutral” rating in a report on Wednesday, May 6th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Marubeni Price Performance

Shares of OTCMKTS MARUY traded up $0.11 during mid-day trading on Monday, hitting $30.69. 5,884 shares of the company’s stock traded hands, compared to its average volume of 278,133. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.37 and a quick ratio of 0.99. Marubeni has a 1 year low of $22.60 and a 1 year high of $42.61. The company’s 50-day moving average is $94.93 and its two-hundred day moving average is $262.98. The company has a market capitalization of $50.97 billion, a P/E ratio of 13.49, a PEG ratio of 1.66 and a beta of 0.52.

Marubeni (OTCMKTS:MARUY) last released its quarterly earnings results on Monday, August 3rd. The conglomerate reported $0.72 EPS for the quarter, topping the consensus estimate of $0.63 by $0.09. Marubeni had a return on equity of 13.16% and a net margin of 6.62%.The company had revenue of $16.66 billion during the quarter, compared to analyst estimates of $13.80 billion. On average, equities analysts anticipate that Marubeni will post 2.38 EPS for the current fiscal year.

About Marubeni

Marubeni Corporation (OTCMKTS:MARUY) is a major Japanese sogo shosha, or integrated trading and investment company, headquartered in Tokyo. The firm conducts a broad range of commercial activities that span commodity trading, project development, investment and financing, and supply-chain services. Marubeni operates through a network of subsidiaries, joint ventures and branch offices to support cross-border trade and large-scale industrial projects.

The company’s activities cover a wide set of industry sectors, including energy and power, metals and minerals, chemicals and industrial materials, food and consumer products, transportation and industrial machinery, and infrastructure.