Mitsui & Co. (OTCMKTS:MITSY) Stock Short Interest Drops 43.1%

Mitsui & Co. (OTCMKTS:MITSY) was the recipient of a significant decrease in short interest in September. As of September 15th, there was short interest totaling 1,868 shares, a decrease of 43.1% from the August 31st total of 3,285 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 7,240 shares, the short-interest ratio is currently 0.3 days.

Analysts Set New Price Targets

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

Mitsui & Co. Price Performance

Shares of Mitsui & Co. stock traded up $7.17 during trading on Wednesday, hitting $627.74. The stock had a trading volume of 1,764 shares, compared to its average volume of 7,567. The firm has a market cap of $89.67 billion, a price-to-earnings ratio of 14.80, a P/E/G ratio of 1.16 and a beta of 0.48. Mitsui & Co. has a 12 month low of $476.50 and a 12 month high of $835.49. The business’s 50-day moving average is $630.31 and its 200 day moving average is $666.42. The company has a current ratio of 1.45, a quick ratio of 1.22 and a debt-to-equity ratio of 0.55.

Mitsui & Co. (OTCMKTS:MITSY) last posted its quarterly earnings data on Monday, August 3rd. The industrial products company reported $13.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $9.36 by $3.65. Mitsui & Co. had a return on equity of 10.67% and a net margin of 6.22%.The company had revenue of $27.77 billion during the quarter, compared to analyst estimates of $22.29 billion. As a group, sell-side analysts anticipate that Mitsui & Co. will post 48.18 earnings per share for the current year.

About Mitsui & Co.

Mitsui & Co, Ltd. is a Japanese general trading and investment company headquartered in Tokyo. Its operations span the development, financing, marketing and distribution of products and businesses across a broad range of industries, connecting suppliers, manufacturers, customers and partners around the world.

The company’s activities include mineral and metal resources, energy, machinery and infrastructure, chemicals, food and agriculture, mobility, healthcare, information technology and communications.