ITOCHU Co. (OTCMKTS:ITOCY) Short Interest Update

ITOCHU Co. (OTCMKTS:ITOCYGet Rating) was the target of a significant decrease in short interest in the month of October. As of October 31st, there was short interest totalling 37,500 shares, a decrease of 18.7% from the October 15th total of 46,100 shares. Based on an average daily trading volume, of 97,300 shares, the short-interest ratio is currently 0.4 days.

Hedge Funds Weigh In On ITOCHU

Several hedge funds and other institutional investors have recently modified their holdings of the company. SVB Wealth LLC bought a new position in shares of ITOCHU during the third quarter valued at about $223,000. Todd Asset Management LLC raised its stake in shares of ITOCHU by 4.1% during the third quarter. Todd Asset Management LLC now owns 539,927 shares of the company’s stock valued at $26,127,000 after acquiring an additional 21,172 shares during the last quarter. OLD National Bancorp IN raised its stake in shares of ITOCHU by 7.0% during the third quarter. OLD National Bancorp IN now owns 6,078 shares of the company’s stock valued at $294,000 after acquiring an additional 395 shares during the last quarter. Finally, Captrust Financial Advisors raised its stake in shares of ITOCHU by 111.7% during the first quarter. Captrust Financial Advisors now owns 1,562 shares of the company’s stock valued at $106,000 after acquiring an additional 824 shares during the last quarter. 0.10% of the stock is owned by institutional investors.

ITOCHU Stock Performance

OTCMKTS ITOCY opened at $60.45 on Wednesday. The firm has a market cap of $47.90 billion, a price-to-earnings ratio of 7.69, a PEG ratio of 0.52 and a beta of 0.59. The company has a 50-day simple moving average of $53.10 and a two-hundred day simple moving average of $55.13. The company has a quick ratio of 1.00, a current ratio of 1.31 and a debt-to-equity ratio of 0.48. ITOCHU has a 12-month low of $48.31 and a 12-month high of $69.62.

ITOCHU Company Profile

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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.

Further Reading

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