ITOCHU Co. (OTCMKTS:ITOCY) Short Interest Up 33.7% in May

ITOCHU Co. (OTCMKTS:ITOCY - Get Free Report) was the target of a significant growth in short interest in May. As of May 15th, there was short interest totalling 22,600 shares, a growth of 33.7% from the April 30th total of 16,900 shares. Approximately 0.0% of the company's stock are short sold. Based on an average daily volume of 85,900 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Investors Weigh In On ITOCHU

A number of institutional investors and hedge funds have recently modified their holdings of ITOCY. GAMMA Investing LLC lifted its stake in ITOCHU by 6,003.3% during the 1st quarter. GAMMA Investing LLC now owns 101,009 shares of the company's stock valued at $9,395,000 after acquiring an additional 99,354 shares during the period. Confluence Investment Management LLC boosted its holdings in ITOCHU by 2.5% in the first quarter. Confluence Investment Management LLC now owns 8,516 shares of the company's stock valued at $792,000 after purchasing an additional 204 shares during the last quarter. Finally, SVB Wealth LLC acquired a new stake in ITOCHU during the 4th quarter worth about $413,000. Institutional investors and hedge funds own 0.08% of the company's stock.

ITOCHU Stock Down 0.5%

Shares of ITOCY stock traded down $0.52 during mid-day trading on Thursday, hitting $104.67. 99,789 shares of the stock traded hands, compared to its average volume of 75,387. ITOCHU has a 52-week low of $79.12 and a 52-week high of $116.50. The stock has a market cap of $75.31 billion, a P/E ratio of 13.66 and a beta of 0.84. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.31 and a quick ratio of 0.97. The stock's fifty day moving average is $98.45 and its two-hundred day moving average is $95.73.

ITOCHU Company Profile

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.