Marubeni Corp. (OTCMKTS:MARUY) Short Interest Update

Marubeni Corp. (OTCMKTS:MARUY) saw a significant drop in short interest in August. As of August 14th, there was short interest totaling 62,373 shares, a drop of 39.4% from the July 30th total of 102,873 shares. Based on an average daily trading volume, of 270,995 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the shares of the stock are short sold.

Analyst Ratings Changes

Separately, The Goldman Sachs Group cut shares of Marubeni from a “buy” rating to a “neutral” rating in a research report on Wednesday, May 6th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, Marubeni currently has an average rating of “Hold”.

Marubeni Stock Up 3.2%

Shares of OTCMKTS MARUY opened at $31.54 on Wednesday. Marubeni has a 1 year low of $22.61 and a 1 year high of $42.61. The firm’s 50-day moving average is $84.21 and its 200-day moving average is $257.72. The company has a current ratio of 1.37, a quick ratio of 0.99 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $52.38 billion, a PE ratio of 13.86, a price-to-earnings-growth ratio of 1.66 and a beta of 0.52.

Marubeni (OTCMKTS:MARUY) last announced its quarterly earnings data on Monday, August 3rd. The conglomerate reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.09. Marubeni had a net margin of 6.62% and a return on equity of 13.16%. The business had revenue of $16.66 billion for the quarter, compared to analyst estimates of $13.80 billion. Equities analysts expect that Marubeni will post 2.38 EPS for the current year.

Marubeni Company Profile

Marubeni Corporation (OTCMKTS:MARUY) is a major Japanese sogo shosha, or integrated trading and investment company, headquartered in Tokyo. The firm conducts a broad range of commercial activities that span commodity trading, project development, investment and financing, and supply-chain services. Marubeni operates through a network of subsidiaries, joint ventures and branch offices to support cross-border trade and large-scale industrial projects.

The company’s activities cover a wide set of industry sectors, including energy and power, metals and minerals, chemicals and industrial materials, food and consumer products, transportation and industrial machinery, and infrastructure.