Idemitsu Kosan Co.,Ltd. (OTCMKTS:IDKOY) Short Interest Update

Idemitsu Kosan Co.,Ltd. (OTCMKTS:IDKOY) saw a large decrease in short interest in June. As of June 30th, there was short interest totaling 288 shares, a decrease of 48.8% from the June 15th total of 563 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 3,289 shares, the days-to-cover ratio is currently 0.1 days.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of Idemitsu Kosan Co.,Ltd. to a “hold” rating in a research note on Friday, April 24th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Idemitsu Kosan Co.,Ltd. Price Performance

Shares of Idemitsu Kosan Co.,Ltd. stock traded up $0.66 on Wednesday, reaching $16.45. 2,869 shares of the company were exchanged, compared to its average volume of 3,382. The stock’s 50 day moving average price is $16.51 and its 200-day moving average price is $17.35. Idemitsu Kosan Co.,Ltd. has a 1-year low of $12.30 and a 1-year high of $21.05. The company has a market cap of $10.06 billion and a P/E ratio of 0.38.

About Idemitsu Kosan Co.,Ltd.

Idemitsu Kosan Co, Ltd. is a Japanese energy company primarily engaged in the refining of crude oil and the production of petroleum products. Established in 1911 by Sazo Idemitsu, the company has grown into one of Japan’s leading refiners, supplying gasoline, diesel, jet fuel and kerosene to both industrial and retail customers. Its core refining operations are supported by a network of domestic refineries that process a wide range of crude oils.

In addition to its downstream refining business, Idemitsu Kosan manufactures petrochemical feedstocks used in the production of plastics, synthetic rubbers and other chemical intermediates.