Short Interest in ITOCHU Co. (OTCMKTS:ITOCY) Expands By 3,009.5%

ITOCHU Co. (OTCMKTS:ITOCY) was the recipient of a significant growth in short interest during the month of November. As of November 15th, there was short interest totalling 130,600 shares, a growth of 3,009.5% from the October 31st total of 4,200 shares. Based on an average daily volume of 169,600 shares, the days-to-cover ratio is currently 0.8 days.

ITOCHU Stock Down 1.5 %

Shares of OTCMKTS ITOCY opened at $96.03 on Thursday. The company has a 50 day simple moving average of $102.87 and a 200 day simple moving average of $99.24. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.29 and a quick ratio of 0.98. ITOCHU has a 1 year low of $77.41 and a 1 year high of $116.50. The firm has a market cap of $69.09 billion, a PE ratio of 12.98 and a beta of 0.77.

Hedge Funds Weigh In On ITOCHU

Several large investors have recently modified their holdings of ITOCY. GAMMA Investing LLC increased its holdings in ITOCHU by 29.4% in the third quarter. GAMMA Investing LLC now owns 1,463 shares of the company’s stock valued at $157,000 after purchasing an additional 332 shares during the period. Confluence Investment Management LLC grew its position in shares of ITOCHU by 2.0% in the 2nd quarter. Confluence Investment Management LLC now owns 8,552 shares of the company’s stock valued at $841,000 after buying an additional 165 shares during the last quarter. Rhumbline Advisers grew its position in shares of ITOCHU by 5.1% in the 2nd quarter. Rhumbline Advisers now owns 11,001 shares of the company’s stock valued at $1,082,000 after buying an additional 535 shares during the last quarter. Finally, First Horizon Advisors Inc. bought a new position in shares of ITOCHU during the second quarter worth about $28,000. Institutional investors own 0.08% of the company’s stock.

About ITOCHU

ITOCHU Corporation engages in trading and importing/exporting various products worldwide. The company’s Textile segment produces and sells raw materials, threads, and textiles; and garments, home furnishings, and industrial materials, as well as trades in industrial textile and lifestyle products. Its Machinery segment engages in the plants, bridges, railways, and other infrastructure; power generation, transmission, transformation, and sale; water, environment and waste-related; ship trading; renewable and alternative energy; and waste recycling businesses.