Short Interest in Mitsui & Co. (OTCMKTS:MITSY) Decreases By 62.8%

Mitsui & Co. (OTCMKTS:MITSY) was the recipient of a significant decrease in short interest in May. As of May 29th, there was short interest totaling 1,140 shares, a decrease of 62.8% from the May 14th total of 3,061 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 19,449 shares, the short-interest ratio is currently 0.1 days.

Mitsui & Co. Stock Down 2.4%

Shares of OTCMKTS MITSY traded down $14.85 during midday trading on Friday, hitting $604.00. The stock had a trading volume of 6,897 shares, compared to its average volume of 9,251. The business’s 50 day moving average is $717.94 and its 200-day moving average is $681.59. The company has a market cap of $86.28 billion, a P/E ratio of 15.64, a PEG ratio of 1.13 and a beta of 0.45. Mitsui & Co. has a 52 week low of $388.00 and a 52 week high of $835.49. The company has a quick ratio of 1.19, a current ratio of 1.41 and a debt-to-equity ratio of 0.56.

Mitsui & Co. (OTCMKTS:MITSY) last released its quarterly earnings data on Thursday, April 30th. The industrial products company reported $9.94 earnings per share for the quarter, missing the consensus estimate of $10.81 by ($0.87). Mitsui & Co. had a net margin of 5.96% and a return on equity of 9.81%. The company had revenue of $23.22 billion for the quarter, compared to analysts’ expectations of $34.72 billion. As a group, analysts predict that Mitsui & Co. will post 47.56 EPS for the current year.

Analysts Set New Price Targets

Separately, Zacks Research downgraded shares of Mitsui & Co. from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 2nd. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold”.

About Mitsui & Co.

Mitsui & Co, Ltd. (OTCMKTS: MITSY) is a global sogo shosha, or general trading company, headquartered in Tokyo, Japan. Established in the aftermath of World War II, Mitsui & Co has grown into one of Japan’s largest trading houses, operating across a wide range of industries to connect producers, manufacturers and consumers around the world.

The company’s core activities include commodity trading, resource and energy development, project and infrastructure development, and strategic investing.