Short Interest in Idemitsu Kosan Co.,Ltd. (OTCMKTS:IDKOY) Expands By 90.1%

Idemitsu Kosan Co.,Ltd. (OTCMKTS:IDKOY) was the recipient of a large increase in short interest in May. As of May 29th, there was short interest totaling 673 shares, an increase of 90.1% from the May 14th total of 354 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 3,021 shares, the days-to-cover ratio is presently 0.2 days.

Analysts Set New Price Targets

Separately, Zacks Research raised Idemitsu Kosan Co.,Ltd. to a “hold” rating in a report on Friday, April 24th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Idemitsu Kosan Co.,Ltd. presently has an average rating of “Hold”.

Idemitsu Kosan Co.,Ltd. Stock Down 10.4%

Shares of IDKOY stock traded down $1.77 during trading hours on Friday, reaching $15.19. The company’s stock had a trading volume of 525 shares, compared to its average volume of 3,529. The firm’s 50 day simple moving average is $18.07 and its 200-day simple moving average is $17.24. The company has a market capitalization of $9.29 billion and a price-to-earnings ratio of 0.38. Idemitsu Kosan Co.,Ltd. has a fifty-two week low of $11.20 and a fifty-two week high of $21.05.

About Idemitsu Kosan Co.,Ltd.

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.