Mitsui O.S.K. Lines, Ltd. (OTCMKTS:MSLOY) Shares Shorted: Short Interest Down 50.8% in October

Mitsui O.S.K. Lines, Ltd. (OTCMKTS:MSLOY) was the target of a large decrease in short interest in the month of October. As of October 15th, there was short interest totaling 25,586 shares, a decrease of 50.8% from the September 30th total of 51,986 shares. Based on an average daily trading volume, of 46,329 shares, the short-interest ratio is currently 0.6 days. Approximately 0.0% of the company’s shares are short sold.

Analyst Ratings Changes

Separately, Zacks Research downgraded shares of Mitsui O.S.K. Lines from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 19th. One analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Mitsui O.S.K. Lines Stock Up 2.8%

Shares of OTCMKTS MSLOY traded up $0.65 during mid-day trading on Friday, hitting $24.20. The company had a trading volume of 13,960 shares, compared to its average volume of 19,290. The business’s 50-day simple moving average is $22.94 and its 200 day simple moving average is $19.37. Mitsui O.S.K. Lines has a 1-year low of $13.71 and a 1-year high of $24.94.

Mitsui O.S.K. Lines Company Profile

Mitsui O.S.K. Lines, Ltd. (OTCMKTS:MSLOY) is a Japan-based global transportation and logistics company that operates ocean-going vessels and provides related services. Its activities include the transportation of automobiles, dry bulk commodities, crude oil, petroleum products, chemicals, liquefied natural gas and other energy resources.

The company also provides logistics and supply-chain services, including marine transport, terminal operations and offshore-related services. MOL operates a diverse fleet and serves customers across major international trade routes, connecting Japan and other parts of Asia with North America, Europe, the Middle East, Africa and other global markets.

MOL traces its origins to Osaka Shosen Kaisha, established in 1884.