Hitachi Ltd. (OTCMKTS:HTHIY) Short Interest Update

Key Points

• Hitachi Ltd. saw a significant reduction in short interest, dropping by 85.2% from August to September, with current short interest totaling 67,100 shares.
• The stock price of Hitachi increased by 0.5% to reach $26.44, with a market capitalization of $121.10 billion.
• In its latest earnings report, Hitachi met expectations with an earnings per share of $0.29 and reported revenue of $15.16 billion.

Hitachi Ltd. (OTCMKTS:HTHIY - Get Free Report) was the target of a significant drop in short interest during the month of September. As of September 15th, there was short interest totaling 67,100 shares, a drop of 85.2% from the August 31st total of 453,300 shares. Based on an average trading volume of 651,700 shares, the short-interest ratio is currently 0.1 days. Based on an average trading volume of 651,700 shares, the short-interest ratio is currently 0.1 days.

Hitachi Trading Up 0.5%

Shares of Hitachi stock traded up $0.14 on Wednesday, hitting $26.44. The stock had a trading volume of 20,254 shares, compared to its average volume of 311,494. The stock has a market cap of $121.10 billion, a price-to-earnings ratio of 9.92, a PEG ratio of 1.22 and a beta of 0.83. The stock's 50-day simple moving average is $28.03 and its two-hundred day simple moving average is $27.01. Hitachi has a one year low of $18.30 and a one year high of $32.00. The company has a quick ratio of 0.85, a current ratio of 1.12 and a debt-to-equity ratio of 0.13.

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

About Hitachi

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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