Idemitsu Kosan Co.,Ltd. (OTCMKTS:IDKOY) Stock Short Interest Report for October

Idemitsu Kosan Co.,Ltd. (OTCMKTS:IDKOY) was the recipient of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 2,815 shares, a growth of 363.8% from the September 30th total of 607 shares. Based on an average daily trading volume, of 1,900 shares, the days-to-cover ratio is presently 1.5 days. Currently, 0.0% of the company’s shares are sold short.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of Idemitsu Kosan Co.,Ltd. from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 15th. One research analyst has rated the stock with a Strong Buy rating. Based on data from MarketBeat.com, Idemitsu Kosan Co.,Ltd. presently has a consensus rating of “Strong Buy”.

Idemitsu Kosan Co.,Ltd. Price Performance

Shares of OTCMKTS IDKOY remained flat at $19.99 during mid-day trading on Thursday. The company had a trading volume of 536 shares, compared to its average volume of 3,021. The business has a 50-day simple moving average of $19.59 and a 200-day simple moving average of $17.88. Idemitsu Kosan Co.,Ltd. has a 1 year low of $13.45 and a 1 year high of $22.79.

About Idemitsu Kosan Co.,Ltd.

Idemitsu Kosan Co, Ltd. is a Japan-based energy and materials company engaged primarily in the petroleum, chemicals, and energy industries. Its operations include the refining and marketing of crude oil and petroleum products, including gasoline, diesel fuel, kerosene, lubricants, and petrochemical feedstocks. The company serves consumers, businesses, transportation operators, and industrial customers through fuel stations, commercial sales channels, and other distribution networks.

In addition to its petroleum operations, Idemitsu Kosan produces and sells basic chemicals and functional materials used in areas such as electronics, mobility, and industrial manufacturing.