Hitachi, Ltd. (OTCMKTS:HTHIY) Sees Significant Increase in Short Interest

Hitachi, Ltd. (OTCMKTS:HTHIY) was the recipient of a large growth in short interest during the month of February. As of February 28th, there was short interest totalling 434,300 shares, a growth of 22.5% from the February 13th total of 354,400 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 611,500 shares, the short-interest ratio is currently 0.7 days.

Hitachi Trading Down 0.6 %

OTCMKTS HTHIY opened at $25.09 on Thursday. The business’s 50-day moving average price is $40.44 and its two-hundred day moving average price is $47.24. Hitachi has a 12 month low of $16.80 and a 12 month high of $29.99. The firm has a market capitalization of $114.92 billion, a PE ratio of 7.67, a price-to-earnings-growth ratio of 3.43 and a beta of 0.76. The company has a current ratio of 1.08, a quick ratio of 0.81 and a debt-to-equity ratio of 0.13.

Hitachi (OTCMKTS:HTHIY) last released its quarterly earnings results on Friday, January 31st. The conglomerate reported $1.98 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $1.52. Hitachi had a return on equity of 9.65% and a net margin of 6.03%. On average, analysts expect that Hitachi will post 0.47 EPS for the current 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.