ITOCHU Co. (OTCMKTS:ITOCY) Short Interest Update

ITOCHU Co. (OTCMKTS:ITOCY) saw a significant drop in short interest in November. As of November 30th, there was short interest totalling 2,700 shares, a drop of 97.9% from the November 15th total of 130,600 shares. Based on an average daily trading volume, of 78,600 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC grew its position in ITOCHU by 29.4% during the third quarter. GAMMA Investing LLC now owns 1,463 shares of the company’s stock worth $157,000 after buying an additional 332 shares in the last quarter. Rhumbline Advisers grew its holdings in shares of ITOCHU by 5.1% during the 2nd quarter. Rhumbline Advisers now owns 11,001 shares of the company’s stock worth $1,082,000 after purchasing an additional 535 shares in the last quarter. Finally, First Horizon Advisors Inc. bought a new position in shares of ITOCHU in the second quarter worth $28,000. 0.08% of the stock is owned by institutional investors.

ITOCHU Stock Performance

Shares of ITOCHU stock traded down $1.40 during trading on Friday, reaching $100.60. The company’s stock had a trading volume of 17,179 shares, compared to its average volume of 39,620. The company has a quick ratio of 0.98, a current ratio of 1.31 and a debt-to-equity ratio of 0.41. The business’s 50-day moving average price is $101.33 and its 200-day moving average price is $99.85. ITOCHU has a 52 week low of $79.25 and a 52 week high of $116.50. The firm has a market cap of $72.38 billion, a PE ratio of 13.78 and a beta of 0.75.

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.