Mitsui O.S.K. Lines, Ltd. (OTCMKTS:MSLOY) Sees Large Decrease in Short Interest

Mitsui O.S.K. Lines, Ltd. (OTCMKTS:MSLOY) was the target of a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 3,912 shares, a decline of 81.1% from the May 14th total of 20,656 shares. Based on an average trading volume of 107,017 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are sold short.

Mitsui O.S.K. Lines Stock Performance

Shares of OTCMKTS MSLOY traded down $0.77 during midday trading on Wednesday, hitting $17.61. The company’s stock had a trading volume of 3,848 shares, compared to its average volume of 38,614. Mitsui O.S.K. Lines has a 1-year low of $13.71 and a 1-year high of $22.59. The firm’s fifty day moving average price is $18.96 and its 200-day moving average price is $17.29. The firm has a market cap of $12.79 billion and a P/E ratio of 0.17.

Analysts Set New Price Targets

Separately, Zacks Research raised Mitsui O.S.K. Lines to a “hold” rating in a research report on Wednesday, April 15th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Mitsui O.S.K. Lines Company Profile

Mitsui O.S.K. Lines, Ltd. (MOL) is a leading global shipping company headquartered in Tokyo, Japan. Specializing in maritime transportation, MOL operates a diverse fleet that includes container ships, bulk carriers, oil tankers, LNG carriers and car carriers. The company also deploys specialized vessels for chemicals and liquefied gas, serving a wide range of industries such as energy, automotive and retail.

Beyond core shipping services, MOL provides integrated logistics solutions encompassing terminal operations, port services and inland distribution.