Short Interest in Komatsu Ltd. (OTCMKTS:KMTUY) Declines 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 decline in short interest during the month of August. As of August 31st, there was short interest totaling 19,300 shares, a decline of 45.2% from the August 15th total of 35,200 shares. Based on an average daily trading volume, of 90,600 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the shares of the stock are short sold. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 90,600 shares, the short-interest ratio is currently 0.2 days.

Analysts Set New Price Targets

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

Komatsu Trading Up 0.6%

OTCMKTS:KMTUY traded up $0.20 during mid-day trading on Friday, hitting $35.63. 17,578 shares of the stock traded hands, compared to its average volume of 143,103. The stock has a market capitalization of $33.88 billion, a price-to-earnings ratio of 11.68, a PEG ratio of 5.07 and a beta of 0.97. Komatsu has a 52 week low of $24.75 and a 52 week high of $37.27. The firm's 50 day moving average is $34.11 and its two-hundred day moving average is $31.37. The company has a quick ratio of 1.15, a current ratio of 2.00 and a debt-to-equity ratio of 0.15.

Komatsu (OTCMKTS:KMTUY - Get Free Report) last issued 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 the consensus estimate of $6.49 billion. Komatsu had a net margin of 10.37% and a return on equity of 13.05%. On average, equities research analysts predict that Komatsu will post 2.73 earnings per share for the current year.

About Komatsu

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.