Mitsui & Co., Ltd. Experiences Surge in Short Interest

Mitsui & Co., Ltd. (OTCMKTS:MITSY - Get Free Report) witnessed a notable surge in short interest during the month of February. As of February 28th, the company had a total of 700 shares sold short. This figure represents a striking increase of 600.0% compared to the previous total of just 100 shares recorded on February 13th. Currently, it is reported that 0.0% of the company's total shares are sold short. Given an average daily trading volume of 56,900 shares, the short-interest ratio currently stands at 0.0 days.

Mitsui & Co., Ltd. Stock Performance

During trading on Wednesday, Mitsui & Co., Ltd. shares declined by $2.12, reaching a price of $370.80. A total of 11,326 shares changed hands, which is below the company's average volume of 22,577 shares. Financially, Mitsui & Co. boasts a quick ratio of 1.23, a current ratio of 1.48, and a debt-to-equity ratio of 0.49. The company's market capitalization stands at $55.16 billion, with a price-to-earnings ratio of 8.42 and a beta of 0.77. Over the past few months, the firm's 50-day moving average price has been $385.80, while its 200-day moving average price is $409.58. Moreover, Mitsui & Co., Ltd. has seen a twelve-month range with a low of $335.73 and a high of $550.00.

Recent Earnings Report

Mitsui & Co., Ltd. recently reported its quarterly earnings on February 4th. The company posted earnings per share (EPS) of $10.87 for the quarter. The firm recorded a net profit margin of 6.91% along with a return on equity of 12.55%. Analysts are predicting that Mitsui & Co., Ltd. will achieve an EPS of 42.43 for the current fiscal year.

About Mitsui & Co., Ltd.

Mitsui & Co, Ltd. is a global trading and investment powerhouse. The company is involved in manufacturing and selling steel products, as well as providing steel processing, maintenance, and recycling services. It engages in the investment, development, and trading of mineral and metal resources, in addition to resource recycling and industrial development solutions. Moreover, it focuses on upstream development, logistics, and trading of various energy resources, including natural gas/LNG, oil, coal, and uranium.

Conclusion

In conclusion, Mitsui & Co., Ltd. has recently seen a dramatic rise in short interest, which indicates increased trading activity. Investors should keep an eye on the evolving market dynamics surrounding the company as it continues to navigate its operational performance and overall market sentiment.

Mitsui, Stocks, ShortInterest