Komatsu Ltd. (OTCMKTS:KMTUY) Sees Significant Growth in Short Interest

Komatsu Ltd. (OTCMKTS:KMTUY) was the target of a significant growth in short interest during the month of May. As of May 31st, there was short interest totalling 29,500 shares, a growth of 52.1% from the May 15th total of 19,400 shares. Based on an average daily volume of 93,600 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.0% of the company’s stock are short sold.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group raised shares of Komatsu from a “strong sell” rating to a “hold” rating in a report on Monday, March 31st.

Komatsu Stock Performance

Shares of OTCMKTS:KMTUY traded up $0.27 on Tuesday, hitting $31.04. 71,867 shares of the company were exchanged, compared to its average volume of 128,115. Komatsu has a 1-year low of $24.05 and a 1-year high of $32.30. The stock’s 50 day moving average price is $29.52 and its 200 day moving average price is $29.01. The company has a current ratio of 1.91, a quick ratio of 1.04 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $29.52 billion, a P/E ratio of 11.01, a price-to-earnings-growth ratio of 2.29 and a beta of 0.96.

Komatsu (OTCMKTS:KMTUY) last posted its quarterly earnings data on Monday, April 28th. The industrial products company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.75 by $0.17. Komatsu had a net margin of 9.89% and a return on equity of 12.39%. The business had revenue of $8.03 billion during the quarter, compared to the consensus estimate of $1,082.32 billion. Sell-side analysts predict that Komatsu will post 2.73 EPS for the current year.

About Komatsu

Komatsu Ltd. manufactures and sells construction, mining, and utility equipment in Japan, the Americas, Europe, China, Rest of Asia, Oceania, the Middle East, Africa, and CIS countries. It operates through three segments: Construction, Mining and Utility Equipment; Retail Finance; and Industrial Machinery and Others.