Mitsubishi Heavy Industries, Ltd. (OTCMKTS:MHVYF) Sees Large Increase in Short Interest

Mitsubishi Heavy Industries, Ltd. (OTCMKTS:MHVYF - Get Free Report) saw a large growth in short interest in March. As of March 31st, there was short interest totalling 11,399,300 shares, a growth of 21.4% from the March 15th total of 9,389,000 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average daily volume of 688,400 shares, the days-to-cover ratio is presently 16.6 days.

Mitsubishi Heavy Industries Price Performance

Shares of OTCMKTS:MHVYF traded up $0.53 during midday trading on Friday, reaching $19.33. 138,698 shares of the company's stock were exchanged, compared to its average volume of 75,875. The firm has a market capitalization of $65.21 billion, a PE ratio of 40.95 and a beta of 0.44. The company's 50 day simple moving average is $16.68 and its two-hundred day simple moving average is $15.29. Mitsubishi Heavy Industries has a 12 month low of $7.99 and a 12 month high of $20.34. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.85 and a current ratio of 1.20.

Mitsubishi Heavy Industries (OTCMKTS:MHVYF - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.13 earnings per share for the quarter. Mitsubishi Heavy Industries had a return on equity of 10.66% and a net margin of 5.17%.

Analyst Ratings Changes

Separately, The Goldman Sachs Group upgraded Mitsubishi Heavy Industries from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 5th.

About Mitsubishi Heavy Industries

Mitsubishi Heavy Industries, Ltd. manufactures and sells heavy machinery worldwide. It operates through Energy Systems; Plants & Infrastructure Systems; Logistics, Thermal & Drive Systems; and Aircraft, Defense & Space segments. The company offers thermal, renewable energy, nuclear power generation, and engine power plants; oil and gas production plants; lithium-ion battery products and fuel cells; civil aircrafts and engines, aviation equipment, and maintenance, repair, and overhaul of aircrafts; and launch vehicles and services, rocket engines, reaction control systems, space stations, rocket launchers, rocket engine combustion test facilities, and electronic parts.