Hitachi Construction Machinery Co., Ltd. (OTCMKTS:HTCMY) Short Interest Up 1,400.0% in September

Hitachi Construction Machinery Co., Ltd. (OTCMKTS:HTCMY) was the recipient of a significant increase in short interest during the month of September. As of September 15th, there was short interest totalling 1,500 shares, an increase of 1,400.0% from the August 31st total of 100 shares. Based on an average daily trading volume, of 400 shares, the short-interest ratio is presently 3.8 days.

Hitachi Construction Machinery Stock Performance

Shares of OTCMKTS:HTCMY remained flat at $48.34 during mid-day trading on Wednesday. 9 shares of the company were exchanged, compared to its average volume of 331. The stock has a fifty day moving average of $49.14 and a 200 day moving average of $54.10. Hitachi Construction Machinery has a 1-year low of $40.85 and a 1-year high of $62.15. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.48 and a quick ratio of 0.72.

Hitachi Construction Machinery (OTCMKTS:HTCMY) last posted its earnings results on Friday, July 26th. The company reported $1.48 earnings per share for the quarter. Hitachi Construction Machinery had a return on equity of 10.72% and a net margin of 6.10%. The firm had revenue of $2.11 billion for the quarter. As a group, sell-side analysts forecast that Hitachi Construction Machinery will post 6.4 earnings per share for the current 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.