Short Interest in Hitachi, Ltd. Sees Notable Rise

Hitachi, Ltd. (OTCMKTS:HTHIY - Get Free Report) experienced a significant rise in short interest during January. By the end of the month on January 31st, the total short interest had climbed to 169,400 shares, which represents a 30.7% increase from the 129,600 shares reported on January 15th. This increase suggests growing bearish sentiment among investors. Given the average daily trading volume of 315,300 shares, the current short-interest ratio stands at 0.5 days, indicating that it would take less than a day to cover all short positions at the current trading volume.

Hitachi Stock Performance

On Friday, HTHIY shares rose by $2.34, reaching a price of $56.63 midday. The trading volume for the day was 137,621 shares, slightly below the average volume of 140,973 shares. The company's stock shows a 50-day simple moving average of $50.68 and a 200-day simple moving average of $50.05. Financially, Hitachi maintains a quick ratio of 0.85 and a current ratio of 1.15. Its debt-to-equity ratio is relatively low at 0.17. Over the past year, Hitachi's stock price fluctuated between a low of $31.59 and a high of $58.19. The company boasts a market capitalization of $131.28 billion, a P/E ratio of 8.66, a P/E/G ratio of 1.75, and a beta of 0.80.

Hitachi released its latest earnings report on January 31st, where it reported earnings per share (EPS) of $1.98 for the quarter. This figure considerably exceeded the consensus estimate of $0.46, representing a difference of $1.52. Additionally, Hitachi achieved a return on equity of 9.68% and a net profit margin of 6.03%. Analysts project an average EPS of 1.72 for the current fiscal year, reflecting optimistic expectations for the company's performance.

About Hitachi

Hitachi, Ltd. specializes in providing a range of digital systems and services, focusing on green energy, mobility solutions, and integrated industry solutions, both in Japan and internationally. The company operates through various segments, including Digital Systems & Services, Green Energy & Mobility, Connective Industries, Automotive System, Hitachi Construction Machinery, Hitachi Metals, and Others.

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This news report provides an analysis of Hitachi's stock performance and market sentiment regarding its short interest. For more information about investing strategies and stocks to consider, consulting financial experts is recommended.

Hitachi, Stocks, ShortInterest