Hitachi, Ltd. (OTCMKTS:HTHIY) Sees Large Drop in Short Interest

Hitachi, Ltd. (OTCMKTS:HTHIY) was the target of a large decline in short interest in March. As of March 15th, there was short interest totalling 350,300 shares, a decline of 19.3% from the February 28th total of 434,300 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 615,600 shares, the short-interest ratio is presently 0.6 days.

Hitachi Price Performance

Shares of OTCMKTS HTHIY opened at $23.96 on Monday. The company has a current ratio of 1.08, a quick ratio of 0.81 and a debt-to-equity ratio of 0.13. The company’s 50-day moving average price is $37.19 and its 200 day moving average price is $46.17. Hitachi has a 52 week low of $16.80 and a 52 week high of $29.99. The stock has a market cap of $109.74 billion, a price-to-earnings ratio of 7.33, a PEG ratio of 3.43 and a beta of 0.76.

Hitachi (OTCMKTS:HTHIY) last released its quarterly earnings results on Friday, January 31st. The conglomerate reported $1.98 EPS for the quarter, beating the consensus estimate of $0.46 by $1.52. Hitachi had a net margin of 6.03% and a return on equity of 9.65%. As a group, research analysts forecast that Hitachi will post 0.47 earnings per share for the current fiscal year.

Hitachi Company Profile

Hitachi, Ltd. provides digital system and services, green energy and mobility, and connective industry solutions in Japan and internationally. It operates through seven segments: Digital Systems & Services, Green Energy & Mobility, Connective Industries, Automotive System, Hitachi Construction Machinery, Hitachi Metals, and Others.