Hitachi, Ltd. (OTCMKTS:HTHIY) Sees Significant Growth in Short Interest

Hitachi, Ltd. (OTCMKTS:HTHIY) was the recipient of a significant increase in short interest during the month of February. As of February 15th, there was short interest totalling 354,400 shares, an increase of 109.2% from the January 31st total of 169,400 shares. Based on an average trading volume of 219,600 shares, the days-to-cover ratio is currently 1.6 days.

Hitachi Stock Performance

Hitachi stock traded down $0.48 during trading on Friday, hitting $25.16. The stock had a trading volume of 389,732 shares, compared to its average volume of 279,237. The stock’s 50 day moving average is $46.88 and its two-hundred day moving average is $49.28. Hitachi has a 1 year low of $16.18 and a 1 year high of $29.99. The stock has a market cap of $115.24 billion, a price-to-earnings ratio of 7.69, a price-to-earnings-growth ratio of 3.43 and a beta of 0.80. The company has a quick ratio of 0.81, a current ratio of 1.08 and a debt-to-equity ratio of 0.13.

Hitachi (OTCMKTS:HTHIY) last posted its quarterly earnings results on Friday, January 31st. The conglomerate reported $1.98 earnings per share for the quarter, topping the consensus estimate of $0.46 by $1.52. Hitachi had a return on equity of 9.65% and a net margin of 6.03%. As a group, analysts predict that Hitachi will post 0.47 EPS for the current year.

About Hitachi

Hitachi, Ltd. provides digital system and services, green energy and mobility, and connective industry solutions in Japan and internationally. It operates through seven segments: Digital Systems & Services, Green Energy & Mobility, Connective Industries, Automotive System, Hitachi Construction Machinery, Hitachi Metals, and Others.