Mitsubishi Co. (OTCMKTS:MSBHF) Short Interest Up 74.7% in March

Mitsubishi Co. (OTCMKTS:MSBHF) was the target of a significant increase in short interest in March. As of March 15th, there was short interest totalling 4,132,300 shares, an increase of 74.7% from the February 28th total of 2,364,800 shares. Based on an average daily trading volume, of 59,100 shares, the days-to-cover ratio is presently 69.9 days. Currently, 0.1% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

Separately, Macquarie cut Mitsubishi from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 7th.

Mitsubishi Stock Performance

Shares of OTCMKTS MSBHF opened at $18.00 on Monday. Mitsubishi has a one year low of $15.25 and a one year high of $24.27. The company has a current ratio of 1.46, a quick ratio of 1.13 and a debt-to-equity ratio of 0.33. The business has a fifty day simple moving average of $16.92 and a 200 day simple moving average of $17.64. The firm has a market capitalization of $71.57 billion, a price-to-earnings ratio of 10.40 and a beta of 0.63.

Mitsubishi (OTCMKTS:MSBHF) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.35 EPS for the quarter. Mitsubishi had a net margin of 5.81% and a return on equity of 10.56%. Sell-side analysts expect that Mitsubishi will post 1.6 EPS for the current year.

About Mitsubishi

Mitsubishi Corporation engages in the natural gas, industrial materials and infrastructure, petroleum and chemicals, mineral resources, automotive and mobility, food and consumer industry, power solution, and urban development businesses worldwide. The Natural Gas segment engages in the development and production of natural gas/oil; and liquified natural gas business.