ITOCHU Co. (OTCMKTS:ITOCY) Short Interest Up 46.3% in August

ITOCHU Co. (OTCMKTS:ITOCY) saw a significant growth in short interest in the month of August. As of August 31st, there was short interest totalling 9,800 shares, a growth of 46.3% from the August 15th total of 6,700 shares. Based on an average daily trading volume, of 77,700 shares, the short-interest ratio is currently 0.1 days.

Hedge Funds Weigh In On ITOCHU

A number of institutional investors have recently made changes to their positions in the stock. Confluence Investment Management LLC purchased a new position in shares of ITOCHU during the 1st quarter valued at about $718,000. Rhumbline Advisers grew its position in ITOCHU by 5.1% during the second quarter. Rhumbline Advisers now owns 11,001 shares of the company’s stock valued at $1,082,000 after acquiring an additional 535 shares during the last quarter. First Horizon Advisors Inc. bought a new position in ITOCHU during the second quarter valued at approximately $28,000. Atlas Capital Advisors LLC raised its stake in shares of ITOCHU by 13.1% during the first quarter. Atlas Capital Advisors LLC now owns 2,328 shares of the company’s stock worth $199,000 after acquiring an additional 270 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of ITOCHU by 17.1% in the 1st quarter. GAMMA Investing LLC now owns 995 shares of the company’s stock worth $85,000 after acquiring an additional 145 shares during the last quarter. Institutional investors own 0.08% of the company’s stock.

ITOCHU Price Performance

ITOCHU stock opened at $103.85 on Monday. The stock has a market cap of $74.71 billion, a price-to-earnings ratio of 14.27 and a beta of 0.76. The company has a quick ratio of 0.98, a current ratio of 1.29 and a debt-to-equity ratio of 0.43. The business has a 50-day simple moving average of $99.30 and a 200 day simple moving average of $93.86. ITOCHU has a 52 week low of $68.15 and a 52 week high of $108.26.

ITOCHU (OTCMKTS:ITOCY) last issued its quarterly earnings data on Monday, August 5th. The company reported $1.84 EPS for the quarter. The company had revenue of $23.09 billion during the quarter. ITOCHU had a return on equity of 13.09% and a net margin of 5.56%. On average, research analysts forecast that ITOCHU will post 8.29 earnings per share for the current fiscal year.

ITOCHU Company Profile

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.