Mitsui & Co. (OTCMKTS:MITSY) Sees Significant Increase in Short Interest

Mitsui & Co. (OTCMKTS:MITSY - Get Free Report) was the target of a large increase in short interest during the month of May. As of May 31st, there was short interest totalling 3,800 shares, an increase of 26.7% from the May 15th total of 3,000 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 51,200 shares, the short-interest ratio is presently 0.1 days.

Mitsui & Co. Price Performance

Shares of OTCMKTS:MITSY traded up $2.18 during trading on Wednesday, reaching $409.58. 11,454 shares of the company traded hands, compared to its average volume of 19,512. The firm has a market capitalization of $58.85 billion, a PE ratio of 10.19 and a beta of 0.76. Mitsui & Co. has a 52 week low of $333.10 and a 52 week high of $487.50. The company has a quick ratio of 1.29, a current ratio of 1.56 and a debt-to-equity ratio of 0.52. The company's 50 day moving average is $398.74 and its two-hundred day moving average is $394.38.

Mitsui & Co. (OTCMKTS:MITSY - Get Free Report) last issued its earnings results on Thursday, May 1st. The industrial products company reported $11.25 EPS for the quarter, missing the consensus estimate of $12.73 by ($1.48). The firm had revenue of $25.31 billion during the quarter, compared to analyst estimates of $23.44 billion. Mitsui & Co. had a net margin of 6.12% and a return on equity of 11.45%. As a group, sell-side analysts predict that Mitsui & Co. will post 42.43 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Nomura Securities raised shares of Mitsui & Co. to a "strong-buy" rating in a research report on Wednesday, May 28th.

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.

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