Mitsui & Co. (OTCMKTS:MITSY) Short Interest Down 62.8% in May

Mitsui & Co. (OTCMKTS:MITSY) was the target of a large decrease in short interest in May. As of May 29th, there was short interest totaling 1,140 shares, a decrease of 62.8% from the May 14th total of 3,061 shares. Based on an average daily trading volume, of 19,449 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are sold short.

Mitsui & Co. Price Performance

MITSY stock traded down $14.85 during mid-day trading on Friday, hitting $604.00. The company had a trading volume of 6,897 shares, compared to its average volume of 9,251. The company has a market capitalization of $86.27 billion, a price-to-earnings ratio of 15.64, a P/E/G ratio of 1.11 and a beta of 0.45. The company has a 50-day moving average price of $717.94 and a 200 day moving average price of $681.59. The company has a quick ratio of 1.19, a current ratio of 1.41 and a debt-to-equity ratio of 0.56. Mitsui & Co. has a 12-month low of $388.00 and a 12-month high of $835.49.

Mitsui & Co. (OTCMKTS:MITSY) last issued its quarterly earnings data on Thursday, April 30th. The industrial products company reported $9.94 earnings per share for the quarter, missing analysts’ consensus estimates of $10.81 by ($0.87). The firm had revenue of $23.22 billion for the quarter, compared to analysts’ expectations of $34.72 billion. Mitsui & Co. had a net margin of 5.96% and a return on equity of 9.81%. On average, research analysts anticipate that Mitsui & Co. will post 47.56 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Zacks Research lowered Mitsui & Co. from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 2nd. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold”.

About Mitsui & Co.

Mitsui & Co, Ltd. (OTCMKTS: MITSY) is a global sogo shosha, or general trading company, headquartered in Tokyo, Japan. Established in the aftermath of World War II, Mitsui & Co has grown into one of Japan’s largest trading houses, operating across a wide range of industries to connect producers, manufacturers and consumers around the world.

The company’s core activities include commodity trading, resource and energy development, project and infrastructure development, and strategic investing.