Hitachi Ltd. (OTCMKTS:HTHIY) Stock Short Interest Report for October

Hitachi Ltd. (OTCMKTS:HTHIY) saw a significant increase in short interest in October. As of October 30th, there was short interest totaling 1,622,734 shares, an increase of 291.7% from the October 15th total of 414,246 shares. Based on an average daily volume of 1,151,596 shares, the days-to-cover ratio is presently 1.4 days. Approximately 0.0% of the company’s shares are short sold.

Wall Street Analysts Forecast Growth

Several research analysts have commented on HTHIY shares. Sanford C. Bernstein initiated coverage on Hitachi in a report on Tuesday, September 15th. They set an “outperform” rating on the stock. Zacks Research cut Hitachi from a “strong-buy” rating to a “hold” rating in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Hitachi currently has a consensus rating of “Buy”.

Hitachi Stock Up 2.9%

Shares of Hitachi stock opened at $31.19 on Thursday. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.09 and a quick ratio of 0.83. The stock has a market cap of $141.46 billion, a price-to-earnings ratio of 28.59, a PEG ratio of 1.11 and a beta of 1.03. The firm’s 50-day moving average is $34.51 and its two-hundred day moving average is $32.42. Hitachi has a 1 year low of $27.22 and a 1 year high of $39.00.

Hitachi (OTCMKTS:HTHIY) last posted its quarterly earnings results on Wednesday, October 28th. The conglomerate reported $0.32 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.01). Hitachi had a net margin of 6.53% and a return on equity of 10.94%. The business had revenue of $18.40 billion during the quarter, compared to the consensus estimate of $18.51 billion. As a group, research analysts expect that Hitachi will post 1.31 earnings per share for the current fiscal year.

Hitachi Company Profile

Hitachi Ltd. is a Japanese technology and industrial company that develops products, systems and services for businesses, governments and consumers. Its activities span digital services and information technology, energy systems, transportation, industrial equipment and building systems. The company supplies software, IT and systems-integration services, power-grid and energy technologies, rail vehicles and signaling systems, and industrial machinery and automation solutions. Its portfolio also includes products and services for buildings, such as elevators and escalators.