Mitsui & Co. (OTCMKTS:MITSY) Short Interest Down 54.8% in June

Mitsui & Co. (OTCMKTS:MITSY) was the recipient of a large decline in short interest during the month of June. As of June 30th, there was short interest totaling 532 shares, a decline of 54.8% from the June 15th total of 1,178 shares. Based on an average daily trading volume, of 22,250 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.

Mitsui & Co. Stock Up 3.1%

Shares of OTCMKTS:MITSY traded up $17.36 on Tuesday, reaching $585.67. The company had a trading volume of 4,554 shares, compared to its average volume of 8,010. Mitsui & Co. has a 52-week low of $388.00 and a 52-week high of $835.49. The firm’s 50 day simple moving average is $640.01 and its 200-day simple moving average is $685.16. The firm has a market capitalization of $83.66 billion, a PE ratio of 15.16, a PEG ratio of 1.04 and a beta of 0.48. The company has a current ratio of 1.41, a quick ratio of 1.19 and a debt-to-equity ratio of 0.56.

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). Mitsui & Co. had a return on equity of 9.81% and a net margin of 5.96%.The company had revenue of $23.22 billion for the quarter, compared to analysts’ expectations of $34.72 billion. As a group, analysts expect that Mitsui & Co. will post 47.56 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Zacks Research lowered shares of Mitsui & Co. from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 2nd. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Mitsui & Co. 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.