Idemitsu Kosan Co.,Ltd. (OTCMKTS:IDKOY) Sees Significant Decline in Short Interest

Idemitsu Kosan Co.,Ltd. (OTCMKTS:IDKOY) saw a significant decrease in short interest in April. As of April 30th, there was short interest totaling 449 shares, a decrease of 83.5% from the April 15th total of 2,721 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 7,688 shares, the short-interest ratio is currently 0.1 days.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised Idemitsu Kosan Co.,Ltd. to a “hold” rating in a research note on Friday, April 24th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Idemitsu Kosan Co.,Ltd. Stock Performance

Shares of IDKOY remained flat at $17.65 during mid-day trading on Wednesday. The stock had a trading volume of 133 shares, compared to its average volume of 3,573. Idemitsu Kosan Co.,Ltd. has a one year low of $11.01 and a one year high of $21.05. The company has a market cap of $10.79 billion and a P/E ratio of 0.38. The company has a 50-day moving average price of $18.77 and a two-hundred day moving average price of $16.74.

Idemitsu Kosan Co.,Ltd. Company Profile

Idemitsu Kosan Co, Ltd. is a Japanese energy company primarily engaged in the refining of crude oil and the production of petroleum products. Established in 1911 by Sazo Idemitsu, the company has grown into one of Japan’s leading refiners, supplying gasoline, diesel, jet fuel and kerosene to both industrial and retail customers. Its core refining operations are supported by a network of domestic refineries that process a wide range of crude oils.

In addition to its downstream refining business, Idemitsu Kosan manufactures petrochemical feedstocks used in the production of plastics, synthetic rubbers and other chemical intermediates.