Marubeni Corp. (OTCMKTS:MARUY) Sees Large Drop in Short Interest

Key Points

• Short interest in Marubeni Corp. decreased by 63.5% in July, with total shares short falling from 6,300 to 2,300.
• Marubeni's stock rose 1.4% to $220.30, with a current market capitalization of $36.59 billion.
• The company reported a quarterly earnings per share (EPS) of $6.47, exceeding expectations of $6.26 while revenue was slightly below estimates at $14.38 billion.

Marubeni Corp. (OTCMKTS:MARUY - Get Free Report) was the target of a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 2,300 shares, adropof63.5% from the July 15th total of 6,300 shares. Based on an average daily volume of 17,000 shares, the days-to-cover ratio is presently 0.1 days. Approximately0.0% of the shares of the stock are short sold. Approximately0.0% of the shares of the stock are short sold. Based on an average daily volume of 17,000 shares, the days-to-cover ratio is presently 0.1 days.

Marubeni Trading Down 0.5%

Marubeni stock traded down $1.09 during trading on Thursday, reaching $221.86. 8,591 shares of the company were exchanged, compared to its average volume of 10,264. Marubeni has a 52-week low of $126.85 and a 52-week high of $225.00. The company has a market capitalization of $36.85 billion, a P/E ratio of 10.71, a PEG ratio of 1.56 and a beta of 0.80. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.44 and a quick ratio of 1.06. The stock's 50 day simple moving average is $206.84 and its two-hundred day simple moving average is $182.91.

Marubeni (OTCMKTS:MARUY - Get Free Report) last posted its earnings results on Friday, August 1st. The conglomerate reported $6.47 EPS for the quarter, beating analysts' consensus estimates of $6.26 by $0.21. Marubeni had a return on equity of 13.84% and a net margin of 6.52%.The company had revenue of $14.38 billion for the quarter, compared to the consensus estimate of $14.64 billion. On average, equities research analysts expect that Marubeni will post 19.54 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Zacks Research raised shares of Marubeni from a "hold" rating to a "strong-buy" rating in a research note on Tuesday. One research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of "Strong Buy".

Marubeni Company Profile

Marubeni Corporation engages in various business activities. It manufactures, wholesales, and retails apparel, footwear, home furnishing and sport goods, industrial and textile materials, tire and rubber materials, and household and nursing care products; develops uranium, nuclear fuel cycle, iron ore, coking coal, copper mines, and related equipment and services; smelts and refines aluminum and magnesium; leases temporary steel construction materials; explores for, develops, and produces oil and gas; manages infrastructure funds; and develops and manages real estate.