Komatsu Ltd. (OTCMKTS:KMTUY) Short Interest Down 24.5% in August

Key Points

• Komatsu Ltd.'s short interest dropped by 24.5% in August, falling from 46,600 shares on July 31st to 35,200 shares by mid-August.
• Analyst ratings for Komatsu have worsened, with Zacks Research downgrading the stock from a "hold" rating to a "strong sell" rating.
• In its latest quarterly earnings report, Komatsu reported an EPS of $0.69, missing expectations, and revenue of $6.12 billion, also below estimates.

Komatsu Ltd. (OTCMKTS:KMTUY - Get Free Report) saw a significant drop in short interest in the month of August. As of August 15th, there was short interest totaling 35,200 shares, adropof24.5% from the July 31st total of 46,600 shares. Based on an average daily volume of 168,400 shares, the short-interest ratio is presently 0.2 days. Based on an average daily volume of 168,400 shares, the short-interest ratio is presently 0.2 days.

Analyst Upgrades and Downgrades

Separately, Zacks Research cut Komatsu from a "hold" rating to a "strong sell" rating in a report on Tuesday, August 26th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Reduce".

Komatsu Price Performance

Shares of OTCMKTS:KMTUY opened at $34.73 on Monday. The firm has a market cap of $33.03 billion, a price-to-earnings ratio of 11.39, a P/E/G ratio of 4.95 and a beta of 0.97. The company has a current ratio of 2.00, a quick ratio of 1.15 and a debt-to-equity ratio of 0.15. Komatsu has a 1 year low of $24.54 and a 1 year high of $37.27. The business has a fifty day simple moving average of $33.61 and a 200 day simple moving average of $31.06.

Komatsu (OTCMKTS:KMTUY - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The industrial products company reported $0.69 EPS for the quarter, missing analysts' consensus estimates of $0.74 by ($0.05). The firm had revenue of $6.12 billion during the quarter, compared to analyst estimates of $6.49 billion. Komatsu had a return on equity of 13.05% and a net margin of 10.37%. As a group, sell-side analysts predict that Komatsu will post 2.73 earnings per share for the current fiscal year.

About Komatsu

Komatsu Ltd. manufactures and sells construction, mining, and utility equipment in Japan, the Americas, Europe, China, Rest of Asia, Oceania, the Middle East, Africa, and CIS countries. It operates through three segments: Construction, Mining and Utility Equipment; Retail Finance; and Industrial Machinery and Others.

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