Mitsui & Co. (OTCMKTS:MITSY) Sees Large Drop in Short Interest

Mitsui & Co. (OTCMKTS:MITSY) was the recipient of a large drop in short interest in the month of June. As of June 30th, there was short interest totaling 532 shares, a drop of 54.8% from the June 15th total of 1,178 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 22,250 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analyst Weigh In

Separately, Zacks Research cut shares of Mitsui & Co. from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 2nd. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold”.

Mitsui & Co. Stock Down 1.7%

MITSY stock traded down $10.18 during mid-day trading on Thursday, reaching $583.82. The company had a trading volume of 1,501 shares, compared to its average volume of 7,978. The company has a market capitalization of $83.39 billion, a price-to-earnings ratio of 15.11, a PEG ratio of 1.07 and a beta of 0.48. Mitsui & Co. has a 52 week low of $388.00 and a 52 week high of $835.49. The stock has a 50 day simple moving average of $633.64 and a two-hundred day simple moving average of $685.25. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.41 and a quick ratio of 1.19.

Mitsui & Co. (OTCMKTS:MITSY) last announced its quarterly earnings results on Thursday, April 30th. The industrial products company reported $9.94 EPS for the quarter, missing analysts’ consensus estimates of $10.81 by ($0.87). Mitsui & Co. had a net margin of 5.96% and a return on equity of 9.81%. The firm had revenue of $23.22 billion during the quarter, compared to analyst estimates of $34.72 billion. As a group, equities analysts predict that Mitsui & Co. will post 47.56 earnings per share for the current fiscal year.

About Mitsui & Co.

Mitsui & Co, Ltd. (OTCMKTS: MITSY) is a global sogo shosha, or general trading company, headquartered in Tokyo, Japan. Established in the aftermath of World War II, Mitsui & Co has grown into one of Japan’s largest trading houses, operating across a wide range of industries to connect producers, manufacturers and consumers around the world.

The company’s core activities include commodity trading, resource and energy development, project and infrastructure development, and strategic investing.