ITOCHU Co. (OTCMKTS:ITOCY) Short Interest Update

ITOCHU Co. (OTCMKTS:ITOCY) saw a significant growth in short interest during the month of November. As of November 15th, there was short interest totalling 130,600 shares, a growth of 3,009.5% from the October 31st total of 4,200 shares. Based on an average daily volume of 169,600 shares, the short-interest ratio is currently 0.8 days.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC grew its holdings in ITOCHU by 29.4% in the 3rd quarter. GAMMA Investing LLC now owns 1,463 shares of the company’s stock valued at $157,000 after buying an additional 332 shares during the period. Confluence Investment Management LLC grew its holdings in shares of ITOCHU by 2.0% during the 2nd quarter. Confluence Investment Management LLC now owns 8,552 shares of the company’s stock worth $841,000 after purchasing an additional 165 shares during the period. Rhumbline Advisers increased its position 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 acquiring an additional 535 shares in the last quarter. Finally, First Horizon Advisors Inc. purchased a new position in shares of ITOCHU in the 2nd quarter valued at $28,000. 0.08% of the stock is currently owned by institutional investors and hedge funds.

ITOCHU Stock Performance

Shares of OTCMKTS ITOCY traded down $0.40 during midday trading on Wednesday, reaching $97.50. 34,178 shares of the company were exchanged, compared to its average volume of 64,951. The company has a current ratio of 1.29, a quick ratio of 0.98 and a debt-to-equity ratio of 0.43. The stock has a market cap of $70.15 billion, a P/E ratio of 13.23 and a beta of 0.77. The stock has a fifty day simple moving average of $103.04 and a 200 day simple moving average of $99.26. ITOCHU has a 1 year low of $77.41 and a 1 year high of $116.50.

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.