ITOCHU Co. (OTCMKTS:ITOCY – Get Free Report) saw a large drop in short interest in the month of June. As of June 15th, there was short interest totalling 10,500 shares, a drop of 60.5% from the May 31st total of 26,600 shares. Based on an average trading volume of 50,600 shares, the short-interest ratio is presently 0.2 days.
Institutional Investors Weigh In On ITOCHU
A number of institutional investors and hedge funds have recently added to or reduced their stakes in ITOCY. Confluence Investment Management LLC bought a new stake in ITOCHU during the 1st quarter worth approximately $718,000. GAMMA Investing LLC bought a new stake in shares of ITOCHU during the fourth quarter valued at approximately $69,000. Finally, Atlas Capital Advisors LLC raised its position in shares of ITOCHU by 13.1% during the first quarter. Atlas Capital Advisors LLC now owns 2,328 shares of the company’s stock valued at $199,000 after buying an additional 270 shares during the last quarter. Institutional investors own 0.08% of the company’s stock.
ITOCHU Stock Performance
OTCMKTS ITOCY traded up $2.14 on Friday, reaching $98.35. 29,472 shares of the stock were exchanged, compared to its average volume of 25,947. ITOCHU has a one year low of $68.15 and a one year high of $99.03. The firm has a market capitalization of $71.35 billion, a PE ratio of 13.51 and a beta of 0.74. The company’s 50-day simple moving average is $92.78 and its two-hundred day simple moving average is $88.82. The company has a current ratio of 1.22, a quick ratio of 0.91 and a debt-to-equity ratio of 0.43.
About ITOCHU
ITOCHU Corporation engages in trading and importing/exporting various products worldwide. The company's Textile segment produces and sells fiber and garment materials, textiles fabrics, apparel, and industrial materials; and imports lifestyle brands, fashion accessories, and garments in various areas, such as luxury, casual, and sports.
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