Mitsubishi Co. (OTCMKTS:MSBHF) Short Interest Up 44.0% in March

Mitsubishi Co. (OTCMKTS:MSBHF) was the recipient of a large increase in short interest in March. As of March 31st, there was short interest totalling 5,949,100 shares, an increase of 44.0% from the March 15th total of 4,132,300 shares. Based on an average daily trading volume, of 156,400 shares, the days-to-cover ratio is currently 38.0 days. Currently, 0.1% of the shares of the stock are short sold.

Mitsubishi Stock Performance

OTCMKTS:MSBHF traded up $0.37 during mid-day trading on Friday, hitting $17.75. The stock had a trading volume of 17,975 shares, compared to its average volume of 48,530. The company has a current ratio of 1.46, a quick ratio of 1.13 and a debt-to-equity ratio of 0.33. The company has a 50 day simple moving average of $17.32 and a 200-day simple moving average of $17.35. The stock has a market capitalization of $70.58 billion, a price-to-earnings ratio of 10.26 and a beta of 0.52. Mitsubishi has a 52 week low of $14.85 and a 52 week high of $23.68.

Mitsubishi (OTCMKTS:MSBHF) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.35 earnings per share (EPS) for the quarter. Mitsubishi had a return on equity of 10.56% and a net margin of 5.81%. On average, research analysts expect that Mitsubishi will post 1.6 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Macquarie cut Mitsubishi from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 7th.

Mitsubishi Company Profile

Mitsubishi Corporation engages in the natural gas, industrial materials and infrastructure, petroleum and chemicals, mineral resources, automotive and mobility, food and consumer industry, power solution, and urban development businesses worldwide. The Natural Gas segment engages in the development and production of natural gas/oil; and liquified natural gas business.