Short Interest in Marubeni Corp. (OTCMKTS:MARUY) Rises By 119.1%

Marubeni Corp. (OTCMKTS:MARUY) was the target of a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 11,474 shares, an increase of 119.1% from the June 15th total of 5,238 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 75,954 shares, the short-interest ratio is currently 0.2 days.

Marubeni Trading Down 1.4%

Shares of MARUY opened at $30.97 on Friday. Marubeni has a 12 month low of $19.60 and a 12 month high of $42.61. The stock’s 50-day moving average is $278.01 and its two-hundred day moving average is $325.31. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.37 and a quick ratio of 0.99. The stock has a market cap of $50.99 billion, a PE ratio of 14.06, a P/E/G ratio of 1.73 and a beta of 0.52.

Marubeni (OTCMKTS:MARUY) last posted its earnings results on Friday, May 1st. The conglomerate reported $4.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.58 by ($0.25). The company had revenue of $13.36 billion during the quarter, compared to analyst estimates of $14.83 billion. Marubeni had a net margin of 6.60% and a return on equity of 13.11%. Equities analysts forecast that Marubeni will post 2.39 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

Marubeni Company Profile

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.