ITOCHU Co. (OTCMKTS:ITOCY) Short Interest Update

ITOCHU Co. (OTCMKTS:ITOCY) saw a significant growth in short interest in the month of June. As of June 30th, there was short interest totalling 26,600 shares, a growth of 153.3% from the June 15th total of 10,500 shares. Based on an average trading volume of 43,000 shares, the short-interest ratio is presently 0.6 days.

ITOCHU Trading Up 1.1 %

Shares of OTCMKTS:ITOCY opened at $101.46 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.91 and a current ratio of 1.22. The stock’s 50-day moving average is $94.87 and its 200-day moving average is $90.18. The company has a market cap of $72.99 billion, a P/E ratio of 13.94 and a beta of 0.75. ITOCHU has a 52-week low of $68.15 and a 52-week high of $102.36.

ITOCHU (OTCMKTS:ITOCY) last announced its earnings results on Wednesday, May 8th. The company reported $1.37 earnings per share for the quarter. The firm had revenue of $18.97 billion during the quarter. ITOCHU had a return on equity of 13.60% and a net margin of 5.72%. Equities research analysts predict that ITOCHU will post 8.29 earnings per share for the current year.

Institutional Trading of ITOCHU

Several hedge funds and other institutional investors have recently bought and sold shares of ITOCY. GAMMA Investing LLC acquired a new position in shares of ITOCHU in the fourth quarter valued at $69,000. Atlas Capital Advisors LLC raised its stake in shares of ITOCHU by 13.1% in the 1st quarter. Atlas Capital Advisors LLC now owns 2,328 shares of the company’s stock valued at $199,000 after buying an additional 270 shares in the last quarter. Finally, Confluence Investment Management LLC bought a new position in shares of ITOCHU during the 1st quarter worth about $718,000. 0.08% of the stock is currently owned by institutional investors and hedge funds.

ITOCHU Company Profile

ITOCHU Corporation engages in trading and importing/exporting various products worldwide. The company's Textile segment produces and sells fiber and garment materials, textiles fabrics, apparel, and industrial materials; and imports lifestyle brands, fashion accessories, and garments in various areas, such as luxury, casual, and sports.