ITOCHU Co. (OTCMKTS: ITOCY) Brief interest rate update
ITOCHU Co. (OTCMKTS: ITOCY) was targeted for a sharp fall in short positions in November. As of November 30, there was short interest totaling 12,200 shares, a decrease of 28.7% compared to November 15 from a total of 17,100 shares. With an average daily volume of 43,600 shares, the short interest ratio is currently 0.3 days.
ITOCY rose $ 0.07 during Friday’s trading to hit $ 60.89. The company had a trading volume of 9,342 shares versus an average volume of 22,638. The company has a market cap of $ 48.25 billion, a P / E of 7.49, a P / E of 0.47, and a beta of 0.45. The company has a 50-day moving average of $ 58.92 and a 200-day moving average of $ 59.86. The company has a Leverage Ratio of 0.53, a current ratio of 1.27, and a quick ratio of 0.96. ITOCHU has a 1 year low of $ 55.02 and a 1 year high of $ 66.90.
ITOCHU (OTCMKTS: ITOCY) last published its quarterly results on Friday, November 5th. The company reported earnings per share (EPS) for the quarter of $ 2.85. The company had sales of $ 26.11 billion for the quarter. ITOCHU had a net margin of 5.65% and a return on equity of 16.48%. Research analysts are forecasting earnings per share of 8.77 for ITOCHU for the current year.
Separately, Zacks Investment Research In a research report dated Tuesday, October 19th, ITOCHU’s stock was downgraded from a “buy” rating to a “hold” rating.
A number of institutional investors and hedge funds have recently bought and sold ITOCY shares. Boston Private Wealth LLC added 118.6% in ITOCHU stocks in the third quarter. Boston Private Wealth LLC now owns 29,628 shares in the company valued at $ 1,740,000 after purchasing an additional 16,076 shares last quarter. Parametric Portfolio Associates LLC increased its stake in ITOCHU by 0.9% in the second quarter. Parametric Portfolio Associates LLC now owns 990,881 shares in the company valued at $ 57,005,000 after purchasing an additional 8,832 shares during the period. Todd Asset Management LLC increased its stake in ITOCHU by 1.8% in the third quarter. Todd Asset Management LLC now owns 406,511 shares in the company valued at $ 23,875,000 after purchasing an additional 7,326 shares during the period. FCA Corp TX acquired a new position in ITOCHU valued at approximately $ 230,000 in the second quarter. Finally, Ancora Advisors LLC increased its stake in ITOCHU by 164.5% in the third quarter. Ancora Advisors LLC now owns 529 shares in the company valued at $ 31,000 after purchasing an additional 329 shares during the reporting period. 0.21% of the shares are currently owned by hedge funds and other institutional investors.
ITOCHU company profile
ITOCHU Corp. is engaged in product trading and business investment business. It is active in the following segments: Textile; Machinery; Metals and minerals; Energy and chemicals; Meal; ICT and real estate; and other. The textile segment comprises the business with fibers, raw materials, textiles, clothing and brand marketing.
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