Short Interest in Mitsui & Co. (OTCMKTS:MITSY) Rises By 35.7%

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 target of a large increase in short interest during the month of 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 shares are short sold. Based on an average trading volume of 13,900 shares, the short-interest ratio is currently 0.1 days. Based on an average trading volume of 13,900 shares, the short-interest ratio is currently 0.1 days. Approximately0.0% of the company's shares are short sold.

Wall Street Analysts Forecast Growth

Separately, Nomura Securities upgraded shares of Mitsui & Co. to a "strong-buy" rating in a research report on Wednesday, May 28th. One analyst has rated the stock with a Strong Buy rating, According to MarketBeat, the stock has a consensus rating of "Strong Buy".

Mitsui & Co. Trading Up 0.1%

Shares of MITSY traded up $0.43 during trading hours on Monday, reaching $458.67. 2,064 shares of the company traded hands, compared to its average volume of 10,647. The company's fifty day moving average price is $420.61 and its two-hundred day moving average price is $399.21. The company has a market capitalization of $65.91 billion, a price-to-earnings ratio of 12.21, a price-to-earnings-growth ratio of 1.28 and a beta of 0.74. The company has a quick ratio of 1.32, a current ratio of 1.57 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 announced its earnings results on Friday, August 1st. The industrial products company reported $9.23 earnings per share for the quarter, missing analysts' consensus estimates of $9.29 by ($0.06). The company had revenue of $21.93 billion for the quarter, compared to the consensus estimate of $25.80 billion. Mitsui & Co. had a net margin of 5.77% and a return on equity of 10.50%. Equities research analysts predict that Mitsui & Co. will post 42.43 earnings per share for the current fiscal year.

Mitsui & Co. Company Profile

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.