Short Interest in Hitachi, Ltd. (OTCMKTS:HTHIY) Drops By 19.3%

Hitachi, Ltd. (OTCMKTS:HTHIY) was the recipient of a large decrease in short interest during the month of March. As of March 15th, there was short interest totalling 350,300 shares, a decrease of 19.3% from the February 28th total of 434,300 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 615,600 shares, the days-to-cover ratio is currently 0.6 days.

Hitachi Stock Down 2.1 %

Shares of OTCMKTS HTHIY traded down $0.51 during midday trading on Tuesday, reaching $23.45. The company’s stock had a trading volume of 302,787 shares, compared to its average volume of 283,250. The stock has a 50 day simple moving average of $36.71 and a 200-day simple moving average of $45.99. The company has a current ratio of 1.08, a quick ratio of 0.81 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $107.41 billion, a price-to-earnings ratio of 7.17, a PEG ratio of 3.43 and a beta of 0.76. Hitachi has a fifty-two week low of $16.80 and a fifty-two week high of $29.99.

Hitachi (OTCMKTS:HTHIY) last issued its quarterly earnings results on Friday, January 31st. The conglomerate reported $1.98 EPS for the quarter, beating the consensus estimate of $0.46 by $1.52. Hitachi had a return on equity of 9.65% and a net margin of 6.03%. Equities research analysts predict that Hitachi will post 0.47 earnings per share for the current year.

About Hitachi

Hitachi, Ltd. provides digital system and services, green energy and mobility, and connective industry solutions in Japan and internationally. It operates through seven segments: Digital Systems & Services, Green Energy & Mobility, Connective Industries, Automotive System, Hitachi Construction Machinery, Hitachi Metals, and Others.