Ajinomoto Co. (OTCMKTS:AJINY) Short Interest Down 79.7% in August

Key Points

• Ajinomoto Co. experienced a significant decrease in short interest, dropping by 79.7% from 20,700 shares in July to 4,200 shares in August.
• The company received upgrades from analysts, with CLSA rating it a "strong-buy" and Nomura Securities issuing a "hold" rating, leading to an overall average rating of "Buy."
• Ajinomoto reported $0.23 EPS for the last quarter, surpassing estimates of $0.21, although its revenue of $2.47 billion was below the expected $2.69 billion.

Ajinomoto Co. (OTCMKTS:AJINY - Get Free Report) was the recipient of a large drop in short interest in August. As of August 15th, there was short interest totaling 4,200 shares, adropof79.7% from the July 31st total of 20,700 shares. Based on an average trading volume of 45,000 shares, the days-to-cover ratio is presently 0.1 days. Based on an average trading volume of 45,000 shares, the days-to-cover ratio is presently 0.1 days.

Ajinomoto Trading Up 1.5%

Ajinomoto stock traded up $0.42 during midday trading on Friday, hitting $28.54. 35,516 shares of the stock were exchanged, compared to its average volume of 16,510. The company has a fifty day simple moving average of $27.05 and a two-hundred day simple moving average of $28.54. Ajinomoto has a 52 week low of $16.50 and a 52 week high of $28.54. The stock has a market capitalization of $28.45 billion, a PE ratio of 47.57 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 (OTCMKTS:AJINY - Get Free Report) last released its quarterly earnings data on Monday, August 4th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.02. Ajinomoto had a net margin of 6.02% and a return on equity of 10.45%. The business had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.69 billion.

Analyst Ratings Changes

Several equities research analysts have recently commented on AJINY shares. CLSA upgraded shares of Ajinomoto to a "strong-buy" rating in a research report on Wednesday, May 28th. Nomura Securities upgraded shares of Ajinomoto to a "hold" rating in a research report on Tuesday, May 27th. Two investment analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company has an average 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.