Short Interest in Mitsui & Co. (OTCMKTS:MITSY) Declines By 62.8%

Mitsui & Co. (OTCMKTS:MITSY) was the recipient of a large drop in short interest in May. As of May 29th, there was short interest totaling 1,140 shares, a drop of 62.8% from the May 14th total of 3,061 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 19,449 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

Separately, Zacks Research cut shares of Mitsui & Co. from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 2nd. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company currently has an average rating of “Hold”.

Mitsui & Co. Price Performance

MITSY traded down $14.85 during midday trading on Friday, hitting $604.00. The company had a trading volume of 6,897 shares, compared to its average volume of 9,251. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.19 and a current ratio of 1.41. The company has a market capitalization of $86.28 billion, a PE ratio of 15.64, a P/E/G ratio of 1.13 and a beta of 0.45. Mitsui & Co. has a twelve month low of $388.00 and a twelve month high of $835.49. The firm’s 50-day simple moving average is $717.94 and its 200-day simple moving average is $681.59.

Mitsui & Co. (OTCMKTS:MITSY) last posted its quarterly earnings data on Thursday, April 30th. The industrial products company reported $9.94 earnings per share for the quarter, missing the consensus estimate of $10.81 by ($0.87). The company had revenue of $23.22 billion during the quarter, compared to analyst estimates of $34.72 billion. Mitsui & Co. had a net margin of 5.96% and a return on equity of 9.81%. Equities research analysts predict that Mitsui & Co. will post 47.56 EPS for the current fiscal year.

Mitsui & Co. Company Profile

Mitsui & Co, Ltd. (OTCMKTS: MITSY) is a global sogo shosha, or general trading company, headquartered in Tokyo, Japan. Established in the aftermath of World War II, Mitsui & Co has grown into one of Japan’s largest trading houses, operating across a wide range of industries to connect producers, manufacturers and consumers around the world.

The company’s core activities include commodity trading, resource and energy development, project and infrastructure development, and strategic investing.