Hitachi Constr (OTCMKTS:HTCMY) Sees Large Increase in Short Interest

Key Points

• Hitachi Construction Machinery experienced a significant increase in short interest, rising by 400% to a total of 500 shares as of August 15th.
• The company's stock currently has a market cap of $6.54 billion and is trading at around $61.48, with a 12-month high of $64.00.
• In its latest earnings report, Hitachi Constr posted an EPS of $0.73 and a revenue of $2.12 billion for the quarter ending July 30th.

Hitachi Constr (OTCMKTS:HTCMY - Get Free Report) was the target of a large increase in short interest during the month of August. As of August 15th, there was short interest totaling 500 shares, anincreaseof400.0% from the July 31st total of 100 shares. Based on an average trading volume of 200 shares, the days-to-cover ratio is presently 2.5 days. Based on an average trading volume of 200 shares, the days-to-cover ratio is presently 2.5 days.

Hitachi Constr Price Performance

OTCMKTS:HTCMY traded up $2.52 during trading hours on Friday, reaching $64.00. The stock had a trading volume of 303 shares, compared to its average volume of 29. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.77 and a current ratio of 1.63. Hitachi Constr has a 52 week low of $42.50 and a 52 week high of $64.00. The company has a 50 day moving average price of $60.83 and a two-hundred day moving average price of $57.96. The stock has a market capitalization of $6.81 billion, a PE ratio of 11.74 and a beta of 0.34.

Hitachi Constr (OTCMKTS:HTCMY - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The company reported $0.73 earnings per share (EPS) for the quarter. The firm had revenue of $2.12 billion during the quarter. As a group, sell-side analysts anticipate that Hitachi Constr will post 4.76 earnings per share for the current fiscal year.

Hitachi Constr Company Profile

Hitachi Construction Machinery Co, Ltd., together with its subsidiaries, manufactures and sells construction machineries worldwide. The company operates through two segments, Construction Machinery Business and Solution Business. It offers excavators and wheel loaders, hydraulic excavators, compaction equipment, and rigid dump trucks.