Mitsubishi Co. (OTCMKTS:MSBHF) Sees Large Growth in Short Interest

Mitsubishi Co. (OTCMKTS:MSBHF) saw a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 4,132,300 shares, an increase of 74.7% from the February 28th total of 2,364,800 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 59,100 shares, the short-interest ratio is presently 69.9 days.

Analysts Set New Price Targets

Separately, Macquarie cut shares of Mitsubishi from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 7th.

Mitsubishi Price Performance

Shares of MSBHF stock traded down $0.80 on Friday, reaching $18.00. 36,546 shares of the company were exchanged, compared to its average volume of 40,817. The company has a market cap of $71.57 billion, a price-to-earnings ratio of 10.40 and a beta of 0.63. Mitsubishi has a 1 year low of $15.25 and a 1 year high of $24.27. The business has a 50-day moving average price of $16.92 and a 200 day moving average price of $17.66. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.13 and a current ratio of 1.46.

Mitsubishi (OTCMKTS:MSBHF) last announced its earnings results on Thursday, February 6th. The company reported $0.35 EPS for the quarter. Mitsubishi had a return on equity of 10.56% and a net margin of 5.81%. Equities research analysts forecast that Mitsubishi will post 1.6 earnings per share for the current fiscal year.

About Mitsubishi

Mitsubishi Corporation engages in the natural gas, industrial materials and infrastructure, petroleum and chemicals, mineral resources, automotive and mobility, food and consumer industry, power solution, and urban development businesses worldwide. The Natural Gas segment engages in the development and production of natural gas/oil; and liquified natural gas business.