Short Interest in Mitsui & Co. (OTCMKTS:MITSY) Drops By 46.2%

Key Points

• Mitsui & Co. experienced a significant drop in short interest of 46.2%, with only 2,800 shares shorted as of mid-September.
• The company's stock trading on OTCMKTS:MITSY rose by 1.4%, with a current price of $499.33 and a market capitalization of $71.75 billion.
• Despite facing a miss in earnings expectations for the last quarter, analysts currently maintain an average rating of "Buy" for the stock.

Mitsui & Co. (OTCMKTS:MITSY - Get Free Report) saw a large drop in short interest in September. As of September 15th, there was short interest totaling 2,800 shares, a drop of 46.2% from the August 31st total of 5,200 shares. Based on an average daily trading volume, of 9,300 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily trading volume, of 9,300 shares, the days-to-cover ratio is currently 0.3 days.

Mitsui & Co. Trading Up 1.4%

Shares of OTCMKTS:MITSY opened at $499.33 on Friday. The stock has a market capitalization of $71.75 billion, a price-to-earnings ratio of 13.30, a PEG ratio of 10.79 and a beta of 0.67. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.32 and a current ratio of 1.57. The stock's 50-day simple moving average is $468.42 and its two-hundred day simple moving average is $422.61. Mitsui & Co. has a 52-week low of $333.10 and a 52-week high of $530.00.

Mitsui & Co. (OTCMKTS:MITSY - Get Free Report) last announced its earnings results on Friday, August 1st. The industrial products company reported $9.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $9.29 by ($0.06). The firm had revenue of $21.93 billion during the quarter, compared to analysts' expectations of $25.80 billion. Mitsui & Co. had a return on equity of 10.48% and a net margin of 5.77%. Analysts expect that Mitsui & Co. will post 42.43 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Zacks Research downgraded Mitsui & Co. from a "strong-buy" rating to a "hold" rating in a report on Tuesday, September 9th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Buy".

Mitsui & Co. Company Profile

Mitsui & Co, Ltd. operates as an trading and investment company worldwide. The company engages in the manufacture and sale of steel products; steel processing, maintenance, and recycling activities; investment, development, and trading of mineral and metal resources, as well as resource recycling and industrial developing solutions; and upstream development, logistics, and trading of energy resources, such as natural gas/LNG, oil, coal, and uranium.

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