ITOCHU Co. (OTCMKTS:ITOCY) Sees Large Increase in Short Interest

ITOCHU Co. (OTCMKTS:ITOCY) saw 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 volume of 68,100 shares, the days-to-cover ratio is presently 0.3 days.

ITOCHU Price Performance

Shares of ITOCY traded up $1.02 during trading hours on Wednesday, hitting $93.46. The stock had a trading volume of 62,559 shares, compared to its average volume of 51,420. The company’s fifty day moving average is $99.35 and its two-hundred day moving average is $100.54. The stock has a market capitalization of $67.24 billion, a price-to-earnings ratio of 12.63 and a beta of 0.75. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.31 and a quick ratio of 0.98. ITOCHU has a 52 week low of $79.25 and a 52 week high of $116.50.

Hedge Funds Weigh In On ITOCHU

A hedge fund recently raised its stake in ITOCHU stock. GAMMA Investing LLC increased its stake in ITOCHU Co. (OTCMKTS:ITOCY) by 29.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,463 shares of the company’s stock after acquiring an additional 332 shares during the quarter. GAMMA Investing LLC’s holdings in ITOCHU were worth $157,000 at the end of the most recent reporting period. Institutional investors own 0.08% of the company’s stock.

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.