Short Interest in Marubeni Corp. (OTCMKTS:MARUY) Declines By 79.9%

Marubeni Corp. (OTCMKTS:MARUY) saw a significant drop in short interest in the month of May. As of May 15th, there was short interest totaling 1,847 shares, a drop of 79.9% from the April 30th total of 9,202 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 32,174 shares, the days-to-cover ratio is presently 0.1 days.

Analysts Set New Price Targets

Several research firms have issued reports on MARUY. Zacks Research raised shares of Marubeni from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 25th. The Goldman Sachs Group lowered Marubeni from a “buy” rating to a “neutral” rating in a report on Wednesday, May 6th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Marubeni currently has a consensus rating of “Hold”.

Marubeni Price Performance

Shares of OTCMKTS MARUY traded down $13.76 during trading on Friday, hitting $317.19. The company had a trading volume of 17,027 shares, compared to its average volume of 28,868. The stock has a fifty day simple moving average of $361.27 and a two-hundred day simple moving average of $329.91. The company has a quick ratio of 0.99, a current ratio of 1.37 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $52.22 billion, a price-to-earnings ratio of 14.40, a price-to-earnings-growth ratio of 1.75 and a beta of 0.58. Marubeni has a fifty-two week low of $190.00 and a fifty-two week high of $426.06.

Marubeni (OTCMKTS:MARUY) last released its quarterly earnings data on Friday, May 1st. The conglomerate reported $4.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.58 by ($0.25). Marubeni had a return on equity of 13.11% and a net margin of 6.60%.The firm had revenue of $13.36 billion for the quarter, compared to analyst estimates of $14.83 billion. On average, research analysts expect that Marubeni will post 24.62 earnings per share for the current 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.