Short Interest in ITOCHU Co. (OTCMKTS:ITOCY) Increases By 333.3%

ITOCHU Co. (OTCMKTS:ITOCY) was the target of a significant increase in short interest in March. As of March 31st, there was short interest totalling 66,300 shares, an increase of 333.3% from the March 15th total of 15,300 shares. Based on an average trading volume of 96,400 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.0% of the company’s stock are sold short.

Hedge Funds Weigh In On ITOCHU

A number of hedge funds have recently bought and sold shares of ITOCY. GAMMA Investing LLC raised its stake in ITOCHU by 13.1% during the fourth quarter. GAMMA Investing LLC now owns 1,655 shares of the company’s stock valued at $163,000 after buying an additional 192 shares in the last quarter. SVB Wealth LLC bought a new stake in shares of ITOCHU in the 4th quarter valued at approximately $413,000. Finally, Confluence Investment Management LLC raised its position in shares of ITOCHU by 2.5% during the 1st quarter. Confluence Investment Management LLC now owns 8,516 shares of the company’s stock valued at $792,000 after acquiring an additional 204 shares in the last quarter. 0.08% of the stock is currently owned by institutional investors and hedge funds.

ITOCHU Stock Performance

Shares of ITOCY opened at $92.00 on Thursday. ITOCHU has a 52-week low of $79.12 and a 52-week high of $116.50. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.41. The firm has a market cap of $66.20 billion, a price-to-earnings ratio of 12.01 and a beta of 0.73. The business’s 50 day moving average is $90.10 and its two-hundred day moving average is $95.87.

ITOCHU (OTCMKTS:ITOCY) last posted its quarterly earnings results on Thursday, February 6th. The company reported $2.19 earnings per share (EPS) for the quarter. ITOCHU had a net margin of 5.93% and a return on equity of 13.97%.

ITOCHU Company Profile

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.