Ajinomoto Co. (OTCMKTS:AJINY) Sees Significant Drop in Short Interest

Ajinomoto Co. (OTCMKTS:AJINY) saw a large drop in short interest in the month of February. As of February 27th, there was short interest totaling 28,484 shares, a drop of 30.6% from the February 12th total of 41,022 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 118,220 shares, the short-interest ratio is currently 0.2 days. Based on an average daily trading volume, of 118,220 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the company’s stock are short sold.

Ajinomoto Stock Performance

OTCMKTS:AJINY opened at $27.96 on Friday. The stock’s 50 day moving average price is $25.84 and its 200 day moving average price is $25.73. Ajinomoto has a 52 week low of $16.50 and a 52 week high of $32.89. The company has a market capitalization of $27.34 billion, a P/E ratio of 33.69 and a beta of 0.50. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.89 and a current ratio of 1.51.

Analysts Set New Price Targets

Separately, Sanford C. Bernstein downgraded shares of Ajinomoto from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 3rd. Two research analysts have rated the stock with a Strong Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Ajinomoto has a consensus rating of “Buy”.

Ajinomoto Company Profile

Ajinomoto Co, Inc is a Tokyo-based multinational food and chemical company best known for commercializing monosodium glutamate (MSG) after Professor Kikunae Ikeda identified the flavor enhancer associated with umami in the early 20th century; the company was founded in 1909. Over more than a century it has grown from its seasoning roots into a diversified group that develops, manufactures and markets food products, seasonings and ingredient solutions for both retail and foodservice customers.

Today Ajinomoto’s activities span prepared and frozen foods, retail seasonings and condiments, and a broad range of amino acid-based products and specialty chemicals.