Marubeni Corp. (OTCMKTS:MARUY) Short Interest Down 79.9% in May

Marubeni Corp. (OTCMKTS:MARUY) was the target of a large decrease in short interest in the month of May. As of May 15th, there was short interest totaling 1,847 shares, a decrease of 79.9% from the April 30th total of 9,202 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 32,174 shares, the short-interest ratio is presently 0.1 days.

Marubeni Trading Down 4.2%

Shares of Marubeni stock traded down $13.76 during trading hours on Friday, reaching $317.19. 17,027 shares of the company’s stock were exchanged, compared to its average volume of 28,868. The company has a fifty day moving average of $361.27 and a 200-day moving average of $329.91. The company has a current ratio of 1.37, a quick ratio of 0.99 and a debt-to-equity ratio of 0.43. Marubeni has a 52-week low of $190.00 and a 52-week high of $426.06. The firm has a market capitalization of $52.22 billion, a price-to-earnings ratio of 14.40, a price-to-earnings-growth ratio of 1.75 and a beta of 0.58.

Marubeni (OTCMKTS:MARUY) last posted its quarterly earnings data on Friday, May 1st. The conglomerate reported $4.33 EPS for the quarter, missing analysts’ consensus estimates of $4.58 by ($0.25). Marubeni had a net margin of 6.60% and a return on equity of 13.11%. The company had revenue of $13.36 billion for the quarter, compared to analyst estimates of $14.83 billion. Sell-side analysts forecast that Marubeni will post 24.62 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on MARUY shares. The Goldman Sachs Group lowered shares of Marubeni from a “buy” rating to a “neutral” rating in a research report on Wednesday, May 6th. Zacks Research raised Marubeni from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 25th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, Marubeni currently has an average rating of “Hold”.

About Marubeni

Marubeni Corporation (OTCMKTS:MARUY) is a major Japanese sogo shosha, or integrated trading and investment company, headquartered in Tokyo. The firm conducts a broad range of commercial activities that span commodity trading, project development, investment and financing, and supply-chain services. Marubeni operates through a network of subsidiaries, joint ventures and branch offices to support cross-border trade and large-scale industrial projects.

The company’s activities cover a wide set of industry sectors, including energy and power, metals and minerals, chemicals and industrial materials, food and consumer products, transportation and industrial machinery, and infrastructure.