Short Interest in ITOCHU Co. (OTCMKTS:ITOCY) Increases By 3,009.5%

ITOCHU Co. (OTCMKTS:ITOCY) was the target of a large increase in short interest during the month of November. As of November 15th, there was short interest totalling 130,600 shares, an increase 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 presently 0.8 days.

ITOCHU Stock Down 1.5 %

Shares of ITOCY opened at $96.03 on Friday. The company has a market capitalization of $69.09 billion, a PE ratio of 12.98 and a beta of 0.77. The stock’s 50-day moving average price is $102.62 and its two-hundred day moving average price is $99.21. The company has a current ratio of 1.29, a quick ratio of 0.98 and a debt-to-equity ratio of 0.43. ITOCHU has a 12 month low of $77.41 and a 12 month high of $116.50.

Institutional Trading of ITOCHU

Institutional investors have recently added to or reduced their stakes in the stock. Rhumbline Advisers raised its holdings in ITOCHU by 5.1% during the 2nd quarter. Rhumbline Advisers now owns 11,001 shares of the company’s stock worth $1,082,000 after purchasing an additional 535 shares during the last quarter. GAMMA Investing LLC raised its stake in ITOCHU by 29.4% during the third quarter. GAMMA Investing LLC now owns 1,463 shares of the company’s stock worth $157,000 after buying an additional 332 shares during the last quarter. First Horizon Advisors Inc. acquired a new position in ITOCHU in the second quarter valued at $28,000. Finally, Confluence Investment Management LLC boosted its position in ITOCHU by 2.0% during the second quarter. Confluence Investment Management LLC now owns 8,552 shares of the company’s stock valued at $841,000 after acquiring an additional 165 shares during the last quarter. 0.08% of the stock is currently owned by institutional investors.

About ITOCHU

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.