Mitsui & Co. (OTCMKTS:MITSY) Short Interest Up 35.7% in July

Key Points

• Mitsui & Co. experienced a significant 35.7% increase in short interest in July, rising from 1,400 shares to 1,900 shares.
• The company's most recent quarterly earnings report showed EPS of $9.23, missing analysts' expectations by $0.06, and revenue of $21.93 billion, below the $25.80 billion forecast.
• Nomura Securities upgraded Mitsui & Co. to a "strong-buy" rating, contributing to a consensus rating of "Strong Buy" among analysts.

Mitsui & Co. (OTCMKTS:MITSY - Get Free Report) was the recipient of a large increase in short interest in July. As of July 31st, there was short interest totaling 1,900 shares, anincreaseof35.7% from the July 15th total of 1,400 shares. Approximately0.0% of the company's stock are short sold. Based on an average trading volume of 13,900 shares, the days-to-cover ratio is currently 0.1 days. Based on an average trading volume of 13,900 shares, the days-to-cover ratio is currently 0.1 days. Approximately0.0% of the company's stock are short sold.

Mitsui & Co. Stock Performance

Shares of MITSY stock traded up $1.6850 during trading hours on Monday, hitting $459.9250. The company's stock had a trading volume of 296 shares, compared to its average volume of 16,836. The company has a 50 day moving average of $419.71 and a 200 day moving average of $398.62. The stock has a market cap of $66.09 billion, a PE ratio of 12.25, a price-to-earnings-growth ratio of 1.28 and a beta of 0.74. The company has a current ratio of 1.57, a quick ratio of 1.32 and a debt-to-equity ratio of 0.53. Mitsui & Co. has a 12-month low of $333.10 and a 12-month high of $478.90.

Mitsui & Co. (OTCMKTS:MITSY - Get Free Report) last posted its earnings results on Friday, August 1st. The industrial products company reported $9.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $9.29 by ($0.06). Mitsui & Co. had a net margin of 5.77% and a return on equity of 10.50%. The firm had revenue of $21.93 billion during the quarter, compared to analyst estimates of $25.80 billion. On average, sell-side analysts forecast that Mitsui & Co. will post 42.43 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Nomura Securities upgraded shares of Mitsui & Co. to a "strong-buy" rating in a research note on Wednesday, May 28th. One research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the company currently has an average rating of "Strong Buy".

About Mitsui & Co.

Mitsui & Co, Ltd. operates as an trading and investment company worldwide. The company engages in the manufacture and sale of steel products; steel processing, maintenance, and recycling activities; investment, development, and trading of mineral and metal resources, as well as resource recycling and industrial developing solutions; and upstream development, logistics, and trading of energy resources, such as natural gas/LNG, oil, coal, and uranium.