Mitsubishi Heavy Industries, Ltd. (OTCMKTS:MHVYF) Short Interest Update

Key Points

• Mitsubishi Heavy Industries experienced a 29.2% decrease in short interest in August, with total short interest dropping to 9,194,700 shares from 12,995,500 shares in July.
• The company reported earnings of $0.14 per share for the quarter, exceeding analysts' estimates of $0.12, alongside a revenue of $8.28 billion that also surpassed expectations.
• UBS Group downgraded Mitsubishi Heavy Industries from "strong-buy" to "neutral", although the stock still holds a consensus rating of "Buy" from other analysts.

Mitsubishi Heavy Industries, Ltd. (OTCMKTS:MHVYF - Get Free Report) was the recipient of a large decrease in short interest in August. As of August 15th, there was short interest totaling 9,194,700 shares, adecreaseof29.2% from the July 31st total of 12,995,500 shares. Based on an average daily trading volume, of 50,100 shares, the short-interest ratio is presently 183.5 days. Based on an average daily trading volume, of 50,100 shares, the short-interest ratio is presently 183.5 days.

Mitsubishi Heavy Industries Trading Up 2.6%

Shares of MHVYF opened at $24.55 on Monday. The business has a 50-day moving average of $24.74 and a 200 day moving average of $21.25. Mitsubishi Heavy Industries has a fifty-two week low of $11.50 and a fifty-two week high of $28.00. The firm has a market cap of $82.82 billion, a P/E ratio of 49.10 and a beta of 0.58. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.88 and a current ratio of 1.22.

Mitsubishi Heavy Industries (OTCMKTS:MHVYF - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.02. Mitsubishi Heavy Industries had a return on equity of 10.23% and a net margin of 4.92%.The company had revenue of $8.28 billion during the quarter, compared to analyst estimates of $8.22 billion.

Analyst Ratings Changes

Separately, UBS Group downgraded shares of Mitsubishi Heavy Industries from a "strong-buy" rating to a "neutral" rating in a research report on Wednesday, May 21st. One analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Buy".

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.

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