Ajinomoto Co. (OTCMKTS:AJINY) Short Interest Update

Key Points

• Ajinomoto Co. experienced a significant rise in short interest, increasing by 271.4% to a total of 15,600 shares as of August 31st.
• The stock has been upgraded by analysts, with ratings shifting to a "strong-buy" from CLSA and a "hold" from Nomura, leading to an average rating of "Buy".
• Ajinomoto reported $0.23 earnings per share (EPS) for the last quarter, exceeding the consensus estimate of $0.21, despite revenue falling short of analyst expectations at $2.47 billion.

Ajinomoto Co. (OTCMKTS:AJINY - Get Free Report) saw a large increase in short interest in August. As of August 31st, there was short interest totaling 15,600 shares, an increase of 271.4% from the August 15th total of 4,200 shares. Based on an average daily volume of 30,400 shares, the short-interest ratio is presently 0.5 days. Currently, 0.0% of the shares of the stock are short sold. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 30,400 shares, the short-interest ratio is presently 0.5 days.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. CLSA upgraded shares of Ajinomoto to a "strong-buy" rating in a research note on Wednesday, May 28th. Nomura Securities upgraded shares of Ajinomoto to a "hold" rating in a research note on Tuesday, May 27th. Two research analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Ajinomoto currently has an average rating of "Buy".

Ajinomoto Stock Up 0.8%

OTCMKTS:AJINY opened at $29.17 on Friday. The firm's 50 day simple moving average is $27.23 and its 200 day simple moving average is $28.34. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.59 and a quick ratio of 0.93. Ajinomoto has a one year low of $16.50 and a one year high of $30.20. The company has a market cap of $29.08 billion, a PE ratio of 48.62 and a beta of 0.52.

Ajinomoto (OTCMKTS:AJINY - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.02. The firm had revenue of $2.47 billion during the quarter, compared to analyst estimates of $2.69 billion. Ajinomoto had a net margin of 6.02% and a return on equity of 10.45%.

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.

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