Short Interest in Komatsu Ltd. (OTCMKTS:KMTUY) Drops By 45.2%

Key Points

• Short interest in Komatsu Ltd. decreased by 45.2% in August, falling from 35,200 shares to 19,300 shares, with a short-interest ratio of 0.2 days.
• Komatsu reported quarterly earnings of $0.69 EPS, missing analyst expectations of $0.74 EPS and revenue expectations of $6.49 billion.
• Zacks Research downgraded Komatsu from a "hold" rating to a "strong sell" rating, contributing to a consensus rating of "Reduce."

Komatsu Ltd. (OTCMKTS:KMTUY - Get Free Report) was the recipient of a large decrease in short interest in the month of August. As of August 31st, there was short interest totaling 19,300 shares, a decrease of 45.2% from the August 15th total of 35,200 shares. Based on an average trading volume of 90,600 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the shares of the company are sold short. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 90,600 shares, the short-interest ratio is currently 0.2 days.

Komatsu Trading Down 0.8%

Shares of Komatsu stock opened at $35.42 on Friday. The stock has a market cap of $33.68 billion, a P/E ratio of 11.61, a P/E/G ratio of 5.08 and a beta of 0.97. The stock's 50 day simple moving average is $33.88 and its 200-day simple moving average is $31.23. Komatsu has a 1-year low of $24.75 and a 1-year high of $37.27. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.00 and a quick ratio of 1.15.

Komatsu (OTCMKTS:KMTUY - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The industrial products company reported $0.69 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.05). The firm had revenue of $6.12 billion for the quarter, compared to analysts' expectations of $6.49 billion. Komatsu had a net margin of 10.37% and a return on equity of 13.05%. Analysts predict that Komatsu will post 2.73 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Zacks Research downgraded Komatsu from a "hold" rating to a "strong sell" rating in a research report on Tuesday, August 26th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Reduce".

Komatsu Company Profile

Komatsu Ltd. manufactures and sells construction, mining, and utility equipment in Japan, the Americas, Europe, China, Rest of Asia, Oceania, the Middle East, Africa, and CIS countries. It operates through three segments: Construction, Mining and Utility Equipment; Retail Finance; and Industrial Machinery and Others.

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