Short Interest in Komatsu Ltd. (OTCMKTS:KMTUY) Declines By 96.4%

Komatsu Ltd. (OTCMKTS:KMTUY) was the target of a significant decrease in short interest in the month of December. As of December 15th, there was short interest totaling 1,775 shares, a decrease of 96.4% from the November 30th total of 49,788 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 213,895 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily trading volume, of 213,895 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

Separately, Zacks Research cut shares of Komatsu from a “hold” rating to a “strong sell” rating in a research report on Wednesday, November 26th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Komatsu has an average rating of “Reduce”.

Komatsu Trading Down 0.3%

KMTUY stock traded down $0.10 during mid-day trading on Friday, reaching $31.77. 71,404 shares of the stock traded hands, compared to its average volume of 163,382. Komatsu has a 52-week low of $24.75 and a 52-week high of $39.56. The stock’s fifty day moving average is $33.46 and its 200-day moving average is $33.63. The company has a market cap of $30.21 billion, a P/E ratio of 10.55, a P/E/G ratio of 4.68 and a beta of 1.04. The company has a current ratio of 2.09, a quick ratio of 1.13 and a debt-to-equity ratio of 0.18.

Komatsu (OTCMKTS:KMTUY) last released its earnings results on Wednesday, October 29th. The industrial products company reported $0.63 earnings per share for the quarter, hitting the consensus estimate of $0.63. The business had revenue of $6.45 billion for the quarter, compared to the consensus estimate of $6.56 billion. Komatsu had a net margin of 10.25% and a return on equity of 12.41%. As a group, sell-side analysts expect that Komatsu will post 2.73 earnings per share for the current year.

Komatsu Company Profile

Komatsu Ltd. (OTCMKTS: KMTUY) is a Japanese multinational manufacturer of construction, mining and industrial equipment. Founded in the early 20th century in Komatsu, Ishikawa Prefecture, the company has grown into a global supplier of heavy machinery and related services for industries including construction, mining, forestry and infrastructure development.

Komatsu’s product lineup covers a broad range of mobile and stationary equipment, including hydraulic excavators, bulldozers, wheel loaders, rigid and articulated dump trucks, dozers, compact equipment, and specialized mining machines for both surface and underground operations.