Idemitsu Kosan Co.,Ltd. (OTCMKTS:IDKOY) Sees Large Growth in Short Interest

Idemitsu Kosan Co.,Ltd. (OTCMKTS:IDKOY) saw a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 759 shares, an increase of 163.5% from the June 30th total of 288 shares. Based on an average daily volume of 6,668 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are short sold.

Idemitsu Kosan Co.,Ltd. Stock Performance

Shares of IDKOY opened at $16.32 on Monday. The firm has a market cap of $9.98 billion and a PE ratio of 0.38. Idemitsu Kosan Co.,Ltd. has a 52-week low of $12.30 and a 52-week high of $21.05. The business’s 50 day moving average price is $16.22 and its two-hundred day moving average price is $17.39.

Analysts Set New Price Targets

Separately, Zacks Research upgraded Idemitsu Kosan Co.,Ltd. to a “hold” rating in a report on Friday, April 24th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

Idemitsu Kosan Co.,Ltd. Company Profile

Idemitsu Kosan Co, Ltd. is a Japanese energy company primarily engaged in the refining of crude oil and the production of petroleum products. Established in 1911 by Sazo Idemitsu, the company has grown into one of Japan’s leading refiners, supplying gasoline, diesel, jet fuel and kerosene to both industrial and retail customers. Its core refining operations are supported by a network of domestic refineries that process a wide range of crude oils.

In addition to its downstream refining business, Idemitsu Kosan manufactures petrochemical feedstocks used in the production of plastics, synthetic rubbers and other chemical intermediates.