Komatsu Ltd. (OTCMKTS:KMTUY) Shares Shorted: Short Interest Down 95.7% in October

Komatsu Ltd. (OTCMKTS:KMTUY) was the target of a large decline in short interest in the month of October. As of October 30th, there was short interest totaling 14,273 shares, a decline of 95.7% from the October 15th total of 331,125 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average trading volume of 144,698 shares, the short-interest ratio is currently 0.1 days.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on KMTUY. Zacks Research raised Komatsu from a “strong sell” rating to a “hold” rating in a research report on Monday, August 3rd. Citigroup raised shares of Komatsu from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 25th. Finally, The Goldman Sachs Group raised shares of Komatsu from a “hold” rating to a “strong-buy” rating in a research note on Sunday, October 4th. Two investment analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy”.

Komatsu Stock Up 2.3%

Shares of Komatsu stock traded up $0.88 during trading hours on Wednesday, hitting $39.02. The company had a trading volume of 9,116 shares, compared to its average volume of 129,281. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.96 and a quick ratio of 1.12. The company’s 50-day moving average is $44.85 and its two-hundred day moving average is $43.31. The company has a market cap of $36.30 billion, a P/E ratio of 14.04, a price-to-earnings-growth ratio of 2.02 and a beta of 1.09. Komatsu has a twelve month low of $30.65 and a twelve month high of $52.74.

Komatsu (OTCMKTS:KMTUY) last issued its quarterly earnings results on Thursday, October 29th. The industrial products company reported $0.68 earnings per share for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.04). The business had revenue of $7.07 billion for the quarter, compared to analyst estimates of $6.70 billion. Komatsu had a return on equity of 10.56% and a net margin of 8.92%. Analysts anticipate that Komatsu will post 2.77 earnings per share for the current fiscal year.

About Komatsu

Komatsu Ltd. is a Japanese manufacturer of construction, mining, utility and forestry equipment. Its products include excavators, bulldozers, wheel loaders, motor graders and mining trucks, along with machinery and services for forestry operations. The company also provides equipment maintenance, parts and technology solutions, including systems that support fleet management and automated operations. Founded in 1921 and headquartered in Tokyo, Komatsu has expanded from its origins as a Japanese industrial manufacturer into a global equipment and services provider.