Short Interest in ITOCHU Co. (OTCMKTS:ITOCY) Grows By 1,292.3%

ITOCHU Co. (OTCMKTS:ITOCY) was the target of a significant increase in short interest in the month of December. As of December 31st, there was short interest totalling 18,100 shares, an increase of 1,292.3% from the December 15th total of 1,300 shares. Based on an average daily trading volume, of 68,100 shares, the short-interest ratio is presently 0.3 days.

Institutional Investors Weigh In On ITOCHU

An institutional investor recently raised its position in ITOCHU stock. GAMMA Investing LLC grew its position in ITOCHU Co. (OTCMKTS:ITOCY) by 29.4% in the third quarter, according to its most recent filing with the SEC. The fund owned 1,463 shares of the company’s stock after acquiring an additional 332 shares during the period. GAMMA Investing LLC’s holdings in ITOCHU were worth $157,000 as of its most recent filing with the SEC. Institutional investors own 0.08% of the company’s stock.

ITOCHU Price Performance

Shares of ITOCY stock traded down $5.08 during trading on Monday, hitting $92.52. The company had a trading volume of 87,593 shares, compared to its average volume of 44,282. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.98 and a current ratio of 1.31. The firm has a market capitalization of $66.57 billion, a P/E ratio of 12.50 and a beta of 0.75. The stock’s 50-day moving average price is $99.70 and its 200 day moving average price is $100.60. ITOCHU has a one year low of $79.25 and a one year high of $116.50.

About ITOCHU

ITOCHU Corporation engages in trading and importing/exporting various products worldwide. The company’s Textile segment produces and sells raw materials, threads, and textiles; and garments, home furnishings, and industrial materials, as well as trades in industrial textile and lifestyle products. Its Machinery segment engages in the plants, bridges, railways, and other infrastructure; power generation, transmission, transformation, and sale; water, environment and waste-related; ship trading; renewable and alternative energy; and waste recycling businesses.