ITOCHU Co. (OTCMKTS:ITOCY - Get Free Report) was the target of a significant increase in short interest in March. As of March 31st, there was short interest totalling 66,300 shares, an increase of 333.3% from the March 15th total of 15,300 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 96,400 shares, the days-to-cover ratio is currently 0.7 days.
Hedge Funds Weigh In On ITOCHU
A number of large investors have recently bought and sold shares of ITOCY. GAMMA Investing LLC increased its holdings in shares of ITOCHU by 13.1% during the 4th quarter. GAMMA Investing LLC now owns 1,655 shares of the company's stock worth $163,000 after buying an additional 192 shares during the last quarter. Confluence Investment Management LLC grew its position in ITOCHU by 2.5% during the first quarter. Confluence Investment Management LLC now owns 8,516 shares of the company's stock valued at $792,000 after acquiring an additional 204 shares during the period. Finally, SVB Wealth LLC acquired a new stake in ITOCHU during the fourth quarter worth about $413,000. Hedge funds and other institutional investors own 0.08% of the company's stock.
ITOCHU Price Performance
Shares of ITOCHU stock traded up $0.95 on Friday, hitting $92.95. The company's stock had a trading volume of 52,051 shares, compared to its average volume of 80,796. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.41. The firm has a fifty day moving average price of $90.36 and a 200-day moving average price of $95.57. ITOCHU has a 52-week low of $79.12 and a 52-week high of $116.50. The company has a market capitalization of $66.88 billion, a P/E ratio of 12.13 and a beta of 0.73.
ITOCHU (OTCMKTS:ITOCY - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The company reported $2.19 earnings per share (EPS) for the quarter. ITOCHU had a return on equity of 13.97% and a net margin of 5.93%.
About ITOCHU
(
Get Free Report)
ITOCHU Corporation engages in trading and importing/exporting various products worldwide. The company's Textile segment produces and sells raw materials, threads, and textiles; and garments, home furnishings, and industrial materials, as well as trades in industrial textile and lifestyle products. Its Machinery segment engages in the plants, bridges, railways, and other infrastructure; power generation, transmission, transformation, and sale; water, environment and waste-related; ship trading; renewable and alternative energy; and waste recycling businesses.
Recommended Stories
Before you consider ITOCHU, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ITOCHU wasn't on the list.
While ITOCHU currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
