Komatsu Ltd. (OTCMKTS:KMTUY) Sees Large Growth in Short Interest

Komatsu Ltd. (OTCMKTS:KMTUY) saw a large increase in short interest in the month of January. As of January 15th, there was short interest totaling 146,094 shares, an increase of 1,026.6% from the December 31st total of 12,968 shares. Based on an average daily trading volume, of 245,230 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.0% of the shares of the company are short sold. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 245,230 shares, the days-to-cover ratio is currently 0.6 days.

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of Komatsu from a “strong sell” rating to a “hold” rating in a research report on Monday, January 19th. Two analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold”.

Komatsu Stock Down 0.4%

KMTUY traded down $0.16 during trading hours on Wednesday, hitting $36.83. 28,995 shares of the company’s stock were exchanged, compared to its average volume of 147,862. The firm has a market cap of $34.26 billion, a P/E ratio of 12.24, a price-to-earnings-growth ratio of 5.27 and a beta of 1.02. The firm has a 50 day moving average of $33.06 and a 200 day moving average of $34.01. Komatsu has a 12-month low of $24.75 and a 12-month high of $39.56. The company has a current ratio of 2.09, a quick ratio of 1.13 and a debt-to-equity ratio of 0.18.

Komatsu (OTCMKTS:KMTUY) last posted its earnings results on Wednesday, October 29th. The industrial products company reported $0.63 EPS for the quarter, meeting the consensus estimate of $0.63. The firm had revenue of $6.45 billion for the quarter, compared to analyst estimates of $6.56 billion. Komatsu had a return on equity of 12.41% and a net margin of 10.25%. Analysts predict that Komatsu will post 2.73 EPS for the current fiscal year.

About Komatsu

Komatsu Ltd. (OTCMKTS: KMTUY) is a Japanese multinational manufacturer of construction, mining and industrial equipment. Founded in the early 20th century in Komatsu, Ishikawa Prefecture, the company has grown into a global supplier of heavy machinery and related services for industries including construction, mining, forestry and infrastructure development.

Komatsu’s product lineup covers a broad range of mobile and stationary equipment, including hydraulic excavators, bulldozers, wheel loaders, rigid and articulated dump trucks, dozers, compact equipment, and specialized mining machines for both surface and underground operations.