Ajinomoto Co., Inc. (OTCMKTS:AJINY) Short Interest Up 398.0% in May

Ajinomoto Co., Inc. (OTCMKTS:AJINY - Get Free Report) was the recipient of a significant growth in short interest in the month of May. As of May 31st, there was short interest totalling 24,400 shares, a growth of 398.0% from the May 15th total of 4,900 shares. Based on an average daily volume of 47,200 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.0% of the shares of the company are sold short.

Ajinomoto Stock Performance

AJINY stock traded down $0.21 during midday trading on Friday, hitting $25.14. The stock had a trading volume of 28,255 shares, compared to its average volume of 48,310. The firm has a market capitalization of $25.06 billion, a price-to-earnings ratio of 20.95 and a beta of 0.52. Ajinomoto has a 52 week low of $16.50 and a 52 week high of $25.84. The stock has a 50-day simple moving average of $22.64 and a 200 day simple moving average of $34.47. The company has a current ratio of 1.93, a quick ratio of 1.16 and a debt-to-equity ratio of 0.50.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. CLSA raised Ajinomoto to a "strong-buy" rating in a research report on Wednesday, May 28th. Citigroup raised Ajinomoto to a "strong-buy" rating in a research report on Friday, April 4th. Finally, Nomura Securities raised Ajinomoto to a "hold" rating in a research report on Tuesday, May 27th.

Ajinomoto Company Profile

Ajinomoto Co, Inc engages in the seasonings and foods, frozen foods, and healthcare and other businesses in Japan and internationally. The Seasonings and Foods segment offers sauces and seasoning products under the AJI-NO-MOTO, HON-DASHI, Cook Do, Ajinomoto KK Consommé, Pure Select Mayonnaise, Ros Dee, Masako, Aji-ngon, Sazón, Sajiku, and CRISPY FRY names; and solutions and ingredients for foodservice and processed food manufacturers, processed foods, and restaurants, as well as industrial, retail, and other applications.