Hitachi Ltd. (OTCMKTS:HTHIY) Short Interest Up 384.4% in September

Key Points

• Hitachi Ltd. experienced a dramatic increase in short interest of 384.4% in September, rising to 325,000 shares from 67,100 shares earlier in the month.
• The company's shares traded down to $30.24 with a market capitalization of $138.51 billion, while its earnings report revealed a 0.29 EPS for the last quarter.
• Hitachi's consensus analyst rating is currently a "Hold," reflecting cautious optimism amid the recent increase in short interest.

Hitachi Ltd. (OTCMKTS:HTHIY - Get Free Report) saw a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 325,000 shares, a growth of 384.4% from the September 15th total of 67,100 shares. Based on an average daily volume of 582,100 shares, the short-interest ratio is currently 0.6 days. Based on an average daily volume of 582,100 shares, the short-interest ratio is currently 0.6 days.

Hitachi Price Performance

Shares of HTHIY stock traded down $0.13 during mid-day trading on Friday, reaching $30.24. The stock had a trading volume of 141,250 shares, compared to its average volume of 321,514. The company has a market cap of $138.51 billion, a P/E ratio of 11.35, a price-to-earnings-growth ratio of 1.38 and a beta of 0.83. The business has a 50-day simple moving average of $27.84 and a 200 day simple moving average of $27.33. Hitachi has a 12-month low of $18.30 and a 12-month high of $32.00. The company has a current ratio of 1.12, a quick ratio of 0.85 and a debt-to-equity ratio of 0.13.

Hitachi (OTCMKTS:HTHIY - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The conglomerate reported $0.29 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.29. The firm had revenue of $15.16 billion for the quarter, compared to analyst estimates of $2,342.55 billion. Hitachi had a return on equity of 10.83% and a net margin of 6.45%. Hitachi has set its FY 2025 guidance at 2.150-2.150 EPS. On average, sell-side analysts anticipate that Hitachi will post 0.47 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Erste Group Bank raised Hitachi to a "hold" rating in a report on Friday, October 3rd. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, Hitachi presently has a consensus rating of "Hold".

Hitachi Company Profile

Hitachi, Ltd. provides digital system and services, green energy and mobility, and connective industry solutions in Japan and internationally. It operates through seven segments: Digital Systems & Services, Green Energy & Mobility, Connective Industries, Automotive System, Hitachi Construction Machinery, Hitachi Metals, and Others.

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