ITOCHU Co. (OTCMKTS:ITOCY – Get Free Report) saw a large decline in short interest during the month of November. As of November 30th, there was short interest totalling 2,700 shares, a decline of 97.9% from the November 15th total of 130,600 shares. Based on an average daily volume of 78,600 shares, the days-to-cover ratio is currently 0.0 days.
ITOCHU Price Performance
ITOCY traded down $1.40 on Friday, reaching $100.60. The stock had a trading volume of 17,179 shares, compared to its average volume of 39,620. The firm has a 50-day moving average of $101.33 and a 200-day moving average of $99.85. ITOCHU has a fifty-two week low of $79.25 and a fifty-two week high of $116.50. The company has a market capitalization of $72.38 billion, a price-to-earnings ratio of 13.78 and a beta of 0.75. The company has a current ratio of 1.31, a quick ratio of 0.98 and a debt-to-equity ratio of 0.41.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the company. First Horizon Advisors Inc. bought a new stake in ITOCHU during the 2nd quarter worth approximately $28,000. GAMMA Investing LLC lifted its holdings in shares of ITOCHU by 29.4% during the third quarter. GAMMA Investing LLC now owns 1,463 shares of the company’s stock worth $157,000 after purchasing an additional 332 shares during the period. Finally, Rhumbline Advisers grew its stake in shares of ITOCHU by 5.1% in the second quarter. Rhumbline Advisers now owns 11,001 shares of the company’s stock worth $1,082,000 after purchasing an additional 535 shares during the last quarter. Institutional investors and hedge funds own 0.08% of the company’s stock.
ITOCHU Company Profile
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.
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