Short Interest in Hitachi Constr (OTCMKTS:HTCMY) Declines By 80.0%

Key Points

• Short interest in Hitachi Construction Machinery dropped significantly by 80% in September, decreasing from 500 shares at the end of August to just 100 shares by mid-September.
• The company's stock price remained stable at $60.48 with an average trading volume of 92 shares, reflecting low market activity.
• Hitachi Constr reported $2.12 billion in revenue for the last quarter and has projected an earnings per share of 4.76 for the current year.

Hitachi Constr (OTCMKTS:HTCMY - Get Free Report) was the recipient of a significant drop in short interest in September. As of September 15th, there was short interest totaling 100 shares, a drop of 80.0% from the August 31st total of 500 shares. Based on an average daily trading volume, of 200 shares, the short-interest ratio is presently 0.5 days. Based on an average daily trading volume, of 200 shares, the short-interest ratio is presently 0.5 days.

Hitachi Constr Price Performance

Shares of OTCMKTS:HTCMY remained flat at $60.48 during trading on Wednesday. 13 shares of the company's stock were exchanged, compared to its average volume of 92. The firm has a market cap of $6.43 billion, a price-to-earnings ratio of 11.10 and a beta of 0.34. The company has a fifty day simple moving average of $62.34 and a two-hundred day simple moving average of $59.25. The company has a current ratio of 1.63, a quick ratio of 0.77 and a debt-to-equity ratio of 0.25. Hitachi Constr has a 52 week low of $42.50 and a 52 week high of $65.99.

Hitachi Constr (OTCMKTS:HTCMY - Get Free Report) last announced its earnings results on Wednesday, July 30th. The company reported $0.73 EPS for the quarter. The firm had revenue of $2.12 billion during the quarter. As a group, research analysts anticipate that Hitachi Constr will post 4.76 EPS for the current year.

Hitachi Constr Company Profile

Hitachi Construction Machinery Co, Ltd., together with its subsidiaries, manufactures and sells construction machineries worldwide. The company operates through two segments, Construction Machinery Business and Solution Business. It offers excavators and wheel loaders, hydraulic excavators, compaction equipment, and rigid dump trucks.

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