Marubeni Corp. (OTCMKTS:MARUY) Short Interest Update

Key Points

• Marubeni Corp. experienced a significant increase in short interest in August, climbing 352.7% to a total of 24,900 shares by August 31.
• Zacks Research upgraded Marubeni's stock rating from "hold" to a "strong-buy" on August 19, reflecting positive sentiment from analysts.
• For Q2, Marubeni reported earnings of $6.47 per share, surpassing expectations, although revenues were slightly below consensus at $14.38 billion.

Marubeni Corp. (OTCMKTS:MARUY - Get Free Report) was the target of a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 24,900 shares, a growth of 352.7% from the August 15th total of 5,500 shares. Based on an average trading volume of 18,700 shares, the days-to-cover ratio is currently 1.3 days. Currently, 0.0% of the company's stock are sold short. Currently, 0.0% of the company's stock are sold short. Based on an average trading volume of 18,700 shares, the days-to-cover ratio is currently 1.3 days.

Wall Street Analyst Weigh In

Separately, Zacks Research raised Marubeni from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of "Strong Buy".

Marubeni Stock Down 0.7%

MARUY stock traded down $1.66 during trading on Wednesday, reaching $242.70. The stock had a trading volume of 10,538 shares, compared to its average volume of 8,558. Marubeni has a 1-year low of $126.85 and a 1-year high of $245.00. The company has a current ratio of 1.44, a quick ratio of 1.06 and a debt-to-equity ratio of 0.55. The company has a market capitalization of $40.31 billion, a P/E ratio of 11.66, a PEG ratio of 1.71 and a beta of 0.69. The firm has a fifty day moving average price of $219.09 and a 200 day moving average price of $193.35.

Marubeni (OTCMKTS:MARUY - Get Free Report) last issued its quarterly earnings results on Friday, August 1st. The conglomerate reported $6.47 EPS for the quarter, topping the consensus estimate of $6.26 by $0.21. The business had revenue of $14.38 billion for the quarter, compared to analysts' expectations of $14.64 billion. Marubeni had a net margin of 6.52% and a return on equity of 13.84%. On average, equities analysts anticipate that Marubeni will post 19.54 earnings per share for the current year.

Marubeni Company Profile

Marubeni Corporation engages in various business activities. It manufactures, wholesales, and retails apparel, footwear, home furnishing and sport goods, industrial and textile materials, tire and rubber materials, and household and nursing care products; develops uranium, nuclear fuel cycle, iron ore, coking coal, copper mines, and related equipment and services; smelts and refines aluminum and magnesium; leases temporary steel construction materials; explores for, develops, and produces oil and gas; manages infrastructure funds; and develops and manages real estate.