Short Interest in ITOCHU Co. (OTCMKTS:ITOCY) Increases By 139.1%

ITOCHU Co. (OTCMKTS:ITOCY) saw a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 15,300 shares, a growth of 139.1% from the February 28th total of 6,400 shares. Based on an average trading volume of 122,300 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

ITOCHU Price Performance

Shares of OTCMKTS ITOCY opened at $94.37 on Friday. The stock has a market cap of $67.90 billion, a price-to-earnings ratio of 12.32 and a beta of 0.76. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.97 and a current ratio of 1.31. ITOCHU has a fifty-two week low of $79.12 and a fifty-two week high of $116.50. The firm’s 50-day simple moving average is $90.68 and its 200 day simple moving average is $97.49.

ITOCHU (OTCMKTS:ITOCY) last announced its earnings results on Thursday, February 6th. The company reported $2.19 earnings per share (EPS) for the quarter. ITOCHU had a return on equity of 13.97% and a net margin of 5.93%.

Hedge Funds Weigh In On ITOCHU

A hedge fund recently raised its stake in ITOCHU stock. GAMMA Investing LLC increased its position in shares of ITOCHU Co. (OTCMKTS:ITOCY) by 13.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,655 shares of the company’s stock after purchasing an additional 192 shares during the quarter. GAMMA Investing LLC’s holdings in ITOCHU were worth $163,000 as of its most recent SEC filing. 0.08% of the stock is owned by institutional investors and hedge funds.

ITOCHU Company Profile

ITOCHU Corporation engages in trading and importing/exporting various products worldwide. The company’s Textile segment produces and sells raw materials, threads, and textiles; and garments, home furnishings, and industrial materials, as well as trades in industrial textile and lifestyle products. Its Machinery segment engages in the plants, bridges, railways, and other infrastructure; power generation, transmission, transformation, and sale; water, environment and waste-related; ship trading; renewable and alternative energy; and waste recycling businesses.