Hitachi Construction Machinery Co., Ltd. (OTCMKTS:HTCMY) Sees Significant Increase in Short Interest

Hitachi Construction Machinery Co., Ltd. (OTCMKTS:HTCMY) saw a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 2,000 shares, an increase of 1,900.0% from the March 15th total of 100 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 700 shares, the short-interest ratio is currently 2.9 days.

Hitachi Construction Machinery Stock Performance

OTCMKTS HTCMY opened at $54.29 on Wednesday. The firm’s 50 day simple moving average is $52.44 and its 200 day simple moving average is $47.95. The firm has a market capitalization of $5.77 billion, a price-to-earnings ratio of 9.96 and a beta of 0.49. The company has a current ratio of 1.63, a quick ratio of 0.75 and a debt-to-equity ratio of 0.26. Hitachi Construction Machinery has a 1 year low of $40.85 and a 1 year high of $60.13.

About Hitachi Construction Machinery

Hitachi Construction Machinery Co, Ltd., together with its subsidiaries, manufactures and sells construction machineries worldwide. The company operates through two segments, Construction Machinery Business and Solution Business. It offers excavators and wheel loaders, hydraulic excavators, compaction equipment, and rigid dump trucks.