Short Interest in Idemitsu Kosan Co.,Ltd. (OTCMKTS:IDKOY) Rises By 90.1%

Idemitsu Kosan Co.,Ltd. (OTCMKTS:IDKOY) was the target of a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 673 shares, a growth of 90.1% from the May 14th total of 354 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 3,021 shares, the short-interest ratio is currently 0.2 days.

Wall Street Analyst Weigh In

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

Idemitsu Kosan Co.,Ltd. Stock Down 2.4%

Shares of OTCMKTS IDKOY traded down $0.40 on Tuesday, reaching $16.07. 7,413 shares of the company’s stock traded hands, compared to its average volume of 3,556. Idemitsu Kosan Co.,Ltd. has a 12 month low of $11.20 and a 12 month high of $21.05. The business’s 50 day simple moving average is $17.98 and its two-hundred day simple moving average is $17.27. The company has a market cap of $9.83 billion and a price-to-earnings ratio of 0.38.

Idemitsu Kosan Co.,Ltd. Company Profile

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.