Mitsui & Co. (OTCMKTS:MITSY) Short Interest Up 31.6% in August

Key Points

• Mitsui & Co. experienced a 31.6% increase in short interest in August, rising from 1,900 shares to a total of 2,500 shares.
• The company's stock currently has an average rating of "Strong Buy", following an upgrade by Nomura Securities.
• For Q2, Mitsui & Co. reported an EPS of $9.23, slightly below analysts' expectations of $9.29, with revenues of $21.93 billion against estimates of $25.80 billion.

Mitsui & Co. (OTCMKTS:MITSY - Get Free Report) saw a significant growth in short interest in August. As of August 15th, there was short interest totaling 2,500 shares, agrowthof31.6% from the July 31st total of 1,900 shares. Based on an average daily trading volume, of 22,800 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily trading volume, of 22,800 shares, the days-to-cover ratio is currently 0.1 days.

Analyst Ratings Changes

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

Mitsui & Co. Price Performance

MITSY stock traded down $12.50 during midday trading on Tuesday, reaching $496.50. The company had a trading volume of 1,073 shares, compared to its average volume of 16,173. The company has a market capitalization of $71.34 billion, a price-to-earnings ratio of 13.22, a price-to-earnings-growth ratio of 1.41 and a beta of 0.67. The stock has a 50 day moving average price of $434.86 and a 200-day moving average price of $406.97. Mitsui & Co. has a 1-year low of $333.10 and a 1-year high of $523.39. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.57 and a quick ratio of 1.32.

Mitsui & Co. (OTCMKTS:MITSY - Get Free Report) last posted its quarterly earnings results on Friday, August 1st. The industrial products company reported $9.23 EPS for the quarter, missing analysts' consensus estimates of $9.29 by ($0.06). Mitsui & Co. had a net margin of 5.77% and a return on equity of 10.48%. The company had revenue of $21.93 billion during the quarter, compared to analyst estimates of $25.80 billion. Equities research analysts expect that Mitsui & Co. will post 42.43 earnings per share for the current 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.

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