ITOCHU Co. (OTCMKTS:ITOCY) Sees Significant Increase in Short Interest

ITOCHU Co. (OTCMKTS:ITOCY - Get Free Report) saw a large growth in short interest during the month of March. As of March 31st, there was short interest totalling 20,400 shares, a growth of 155.0% from the March 15th total of 8,000 shares. Based on an average trading volume of 38,500 shares, the days-to-cover ratio is currently 0.5 days.

ITOCHU Price Performance

OTCMKTS ITOCY traded up $0.85 on Thursday, reaching $89.19. The company's stock had a trading volume of 12,396 shares, compared to its average volume of 48,631. ITOCHU has a twelve month low of $64.52 and a twelve month high of $92.87. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.91 and a current ratio of 1.22. The stock has a market cap of $64.71 billion, a PE ratio of 12.49 and a beta of 0.73. The firm's 50 day moving average is $87.98 and its two-hundred day moving average is $82.35.

ITOCHU (OTCMKTS:ITOCY - Get Free Report) last issued its quarterly earnings results on Monday, February 5th. The company reported $1.93 earnings per share for the quarter. ITOCHU had a net margin of 5.25% and a return on equity of 13.27%. The company had revenue of $28.40 billion during the quarter. As a group, sell-side analysts predict that ITOCHU will post 7.64 EPS for the current year.

Institutional Investors Weigh In On ITOCHU

Institutional investors and hedge funds have recently bought and sold shares of the business. GAMMA Investing LLC raised its holdings in ITOCHU by 17.1% during the 1st quarter. GAMMA Investing LLC now owns 995 shares of the company's stock worth $85,000 after buying an additional 145 shares during the period. Confluence Investment Management LLC acquired a new stake in ITOCHU during the 1st quarter worth about $718,000. Atlas Capital Advisors LLC raised its holdings in ITOCHU by 50.5% during the 4th quarter. Atlas Capital Advisors LLC now owns 2,058 shares of the company's stock worth $168,000 after buying an additional 691 shares during the period. Rhumbline Advisers acquired a new stake in ITOCHU during the 2nd quarter worth about $707,000. Finally, Captrust Financial Advisors raised its holdings in ITOCHU by 111.7% during the 1st quarter. Captrust Financial Advisors now owns 1,562 shares of the company's stock worth $106,000 after buying an additional 824 shares during the period. 0.08% of the stock is owned by institutional investors and hedge funds.

About ITOCHU

ITOCHU Corporation engages in trading and importing/exporting various products worldwide. The company's Textile segment produces and sells fiber and garment materials, textiles fabrics, apparel, and industrial materials; and imports lifestyle brands, fashion accessories, and garments in various areas, such as luxury, casual, and sports.