Marubeni Corp. (OTCMKTS:MARUY) Sees Significant Growth in Short Interest

Marubeni Corp. (OTCMKTS:MARUY) was the recipient of a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 11,474 shares, a growth of 119.1% from the June 15th total of 5,238 shares. Based on an average daily trading volume, of 75,954 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the company’s stock are sold short.

Marubeni Stock Performance

Shares of OTCMKTS MARUY traded down $0.31 during midday trading on Thursday, hitting $31.11. 156,297 shares of the company’s stock were exchanged, compared to its average volume of 293,030. The company has a quick ratio of 0.99, a current ratio of 1.37 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $51.22 billion, a PE ratio of 14.12, a price-to-earnings-growth ratio of 1.68 and a beta of 0.52. Marubeni has a 12 month low of $19.60 and a 12 month high of $42.61. The company’s 50 day moving average price is $284.32 and its 200 day moving average price is $327.04.

Marubeni (OTCMKTS:MARUY) last announced its quarterly earnings results on Friday, May 1st. The conglomerate reported $4.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.58 by ($0.25). The business had revenue of $13.36 billion for the quarter, compared to analyst estimates of $14.83 billion. Marubeni had a net margin of 6.60% and a return on equity of 13.11%. As a group, analysts predict that Marubeni will post 2.39 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group downgraded Marubeni from a “buy” rating to a “neutral” rating in a research report on Wednesday, May 6th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company has an average rating of “Hold”.

Marubeni Company Profile

Marubeni Corporation (OTCMKTS:MARUY) is a major Japanese sogo shosha, or integrated trading and investment company, headquartered in Tokyo. The firm conducts a broad range of commercial activities that span commodity trading, project development, investment and financing, and supply-chain services. Marubeni operates through a network of subsidiaries, joint ventures and branch offices to support cross-border trade and large-scale industrial projects.

The company’s activities cover a wide set of industry sectors, including energy and power, metals and minerals, chemicals and industrial materials, food and consumer products, transportation and industrial machinery, and infrastructure.