Mitsubishi Co. (OTCMKTS:MSBHF) Short Interest Up 44.0% in March

Mitsubishi Co. (OTCMKTS:MSBHF - Get Free Report) was the target of a large growth in short interest in March. As of March 31st, there was short interest totalling 5,949,100 shares, a growth of 44.0% from the March 15th total of 4,132,300 shares. Based on an average daily volume of 156,400 shares, the days-to-cover ratio is currently 38.0 days. Currently, 0.1% of the shares of the stock are short sold.

Mitsubishi Trading Up 3.2 %

Shares of Mitsubishi stock traded up $0.56 during trading on Wednesday, hitting $18.16. The stock had a trading volume of 46,634 shares, compared to its average volume of 48,103. The stock has a 50 day simple moving average of $17.42 and a 200 day simple moving average of $17.26. Mitsubishi has a 1 year low of $14.85 and a 1 year high of $23.68. The company has a market capitalization of $72.19 billion, a PE ratio of 10.49 and a beta of 0.52. The company has a quick ratio of 1.13, a current ratio of 1.46 and a debt-to-equity ratio of 0.33.

Mitsubishi (OTCMKTS:MSBHF - Get Free Report) last posted its earnings results on Thursday, February 6th. The company reported $0.35 EPS for the quarter. Mitsubishi had a net margin of 5.81% and a return on equity of 10.56%. On average, research analysts expect that Mitsubishi will post 1.6 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Macquarie downgraded shares of Mitsubishi from a "strong-buy" rating to a "hold" rating in a report on Tuesday, January 7th.

Mitsubishi Company Profile

Mitsubishi Corporation engages in the natural gas, industrial materials and infrastructure, petroleum and chemicals, mineral resources, automotive and mobility, food and consumer industry, power solution, and urban development businesses worldwide. The Natural Gas segment engages in the development and production of natural gas/oil; and liquified natural gas business.