Short Interest in Hitachi Construction Machinery Co., Ltd. (OTCMKTS:HTCMY) Grows By 9.1%

Hitachi Construction Machinery Co., Ltd. (OTCMKTS:HTCMY) was the target of a large increase in short interest in May. As of May 31st, there was short interest totalling 1,200 shares, an increase of 9.1% from the May 15th total of 1,100 shares. Based on an average daily trading volume, of 400 shares, the short-interest ratio is currently 3.0 days.

Hitachi Construction Machinery Stock Performance

Shares of Hitachi Construction Machinery stock remained flat at $55.00 during trading hours on Monday. 20 shares of the stock traded hands, compared to its average volume of 910. The company’s fifty day moving average price is $57.16 and its 200-day moving average price is $55.91. Hitachi Construction Machinery has a fifty-two week low of $49.50 and a fifty-two week high of $67.22. The company has a current ratio of 1.48, a quick ratio of 0.72 and a debt-to-equity ratio of 0.22.

Hitachi Construction Machinery (OTCMKTS:HTCMY) last issued its earnings results on Wednesday, April 24th. The company reported $1.41 earnings per share (EPS) for the quarter. Hitachi Construction Machinery had a net margin of 6.69% and a return on equity of 12.00%. The business had revenue of $2.60 billion during the quarter. On average, equities analysts forecast that Hitachi Construction Machinery will post 6.4 EPS for the current fiscal year.

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.