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

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

Hedge Funds Weigh In On ITOCHU

A number of hedge funds have recently modified their holdings of ITOCY. GAMMA Investing LLC increased its position in ITOCHU by 13.1% during the fourth quarter. GAMMA Investing LLC now owns 1,655 shares of the company’s stock worth $163,000 after acquiring an additional 192 shares during the period. SVB Wealth LLC bought a new position in ITOCHU in the fourth quarter worth $413,000. Finally, Confluence Investment Management LLC boosted its stake in ITOCHU by 2.5% during the first quarter. Confluence Investment Management LLC now owns 8,516 shares of the company’s stock worth $792,000 after buying an additional 204 shares in the last quarter. 0.08% of the stock is owned by institutional investors and hedge funds.

ITOCHU Stock Up 0.1 %

Shares of ITOCHU stock opened at $92.00 on Thursday. The business’s fifty day moving average price is $90.10 and its two-hundred day moving average price is $95.87. The company has a market capitalization of $66.20 billion, a P/E ratio of 12.01 and a beta of 0.73. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.31 and a quick ratio of 0.97. ITOCHU has a 1-year low of $79.12 and a 1-year high of $116.50.

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

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.