Mitsui & Co. (OTCMKTS:MITSY) Short Interest Update

Mitsui & Co. (OTCMKTS:MITSY) saw a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 3,061 shares, a growth of 71.5% from the April 30th total of 1,785 shares. Based on an average trading volume of 12,272 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the shares of the stock are sold short.

Mitsui & Co. Price Performance

MITSY stock opened at $628.10 on Thursday. The firm has a 50 day moving average of $742.39 and a 200-day moving average of $677.87. The company has a current ratio of 1.41, a quick ratio of 1.19 and a debt-to-equity ratio of 0.56. Mitsui & Co. has a 12 month low of $388.00 and a 12 month high of $835.49. The firm has a market capitalization of $89.72 billion, a P/E ratio of 16.26, a price-to-earnings-growth ratio of 1.17 and a beta of 0.45.

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

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of Mitsui & Co. from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Strong Buy”.

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.