Short Interest in ITOCHU Co. (OTCMKTS:ITOCY) Declines By 97.9%

ITOCHU Co. (OTCMKTS:ITOCY) was the recipient of a large decrease in short interest in November. As of November 30th, there was short interest totalling 2,700 shares, a decrease of 97.9% from the November 15th total of 130,600 shares. Based on an average daily trading volume, of 78,600 shares, the short-interest ratio is presently 0.0 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. First Horizon Advisors Inc. purchased a new position in ITOCHU in the second quarter valued at approximately $28,000. GAMMA Investing LLC grew its stake 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 in the last quarter. Finally, Rhumbline Advisers lifted its stake in ITOCHU by 5.1% in 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 in the last quarter. 0.08% of the stock is currently owned by hedge funds and other institutional investors.

ITOCHU Stock Down 0.3 %

ITOCY traded down $0.27 during mid-day trading on Friday, reaching $102.00. 22,380 shares of the stock were exchanged, compared to its average volume of 52,721. The stock has a market capitalization of $73.39 billion, a PE ratio of 13.78 and a beta of 0.75. ITOCHU has a 1 year low of $79.25 and a 1 year high of $116.50. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.98 and a current ratio of 1.31. The company has a 50 day moving average price of $101.33 and a two-hundred day moving average price of $99.85.

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.