Ajinomoto Co. (OTCMKTS:AJINY) Sees Large Growth in Short Interest

Key Points

• Ajinomoto Co. saw a significant increase in short interest, with shares totaling 20,700 as of July 31st, marking a 36.2% rise from the previous total.
• The company has an average rating of "Buy" from analysts, with CLSA upgrading it to a "strong-buy" and Nomura Securities rating it as a "hold."
• Ajinomoto's stock performance has been mixed, with a 12-month high of $28.23 and a low of $16.50, currently trading at $27.50.

Ajinomoto Co. (OTCMKTS:AJINY - Get Free Report) was the target of a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 20,700 shares, anincreaseof36.2% from the July 15th total of 15,200 shares. Approximately0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 50,800 shares, the short-interest ratio is currently 0.4 days. Based on an average daily trading volume, of 50,800 shares, the short-interest ratio is currently 0.4 days. Approximately0.0% of the shares of the company are short sold.

Ajinomoto Price Performance

AJINY traded up $0.66 during trading on Friday, reaching $27.57. The stock had a trading volume of 23,674 shares, compared to its average volume of 22,265. The firm has a market capitalization of $27.48 billion, a price-to-earnings ratio of 45.95 and a beta of 0.52. The company has a quick ratio of 0.93, a current ratio of 1.59 and a debt-to-equity ratio of 0.54. Ajinomoto has a 1-year low of $16.50 and a 1-year high of $28.2299. The stock has a 50 day moving average of $26.69 and a two-hundred day moving average of $29.40.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. CLSA upgraded Ajinomoto to a "strong-buy" rating in a research report on Wednesday, May 28th. Nomura Securities upgraded Ajinomoto to a "hold" rating in a research report on Tuesday, May 27th. Two analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy".

About Ajinomoto

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.