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) saw a significant growth in short interest during 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 short-interest ratio is presently 1.3 days. Approximately 0.0% of the shares of the stock are short sold. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 18,700 shares, the short-interest ratio is presently 1.3 days.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised shares of 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, Marubeni currently has a consensus rating of "Strong Buy".

Marubeni Stock Performance

Shares of MARUY stock traded down $1.29 on Friday, reaching $237.62. The stock had a trading volume of 3,079 shares, compared to its average volume of 30,017. The company has a quick ratio of 1.06, a current ratio of 1.44 and a debt-to-equity ratio of 0.55. The firm's 50-day moving average is $216.18 and its two-hundred day moving average is $191.09. The firm has a market capitalization of $39.46 billion, a price-to-earnings ratio of 11.42, a P/E/G ratio of 1.67 and a beta of 0.69. Marubeni has a 12 month low of $126.85 and a 12 month high of $243.89.

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

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