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

Hitachi, Ltd. (OTCMKTS:HTHIY) was the target of a significant drop in short interest in the month of September. As of September 30th, there was short interest totalling 191,900 shares, a drop of 6.6% from the September 15th total of 205,500 shares. Based on an average daily trading volume, of 231,400 shares, the short-interest ratio is currently 0.8 days.

Hitachi Stock Up 1.1 %

Shares of HTHIY opened at $54.26 on Friday. The company has a 50-day moving average price of $49.79 and a two-hundred day moving average price of $54.12. The company has a quick ratio of 0.90, a current ratio of 1.22 and a debt-to-equity ratio of 0.16. Hitachi has a 12 month low of $23.04 and a 12 month high of $56.65. The stock has a market cap of $125.79 billion, a price-to-earnings ratio of 16.01, a P/E/G ratio of 1.39 and a beta of 0.82.

Hitachi (OTCMKTS:HTHIY) last announced its earnings results on Wednesday, July 31st. The conglomerate reported $2.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $2.15. The firm had revenue of $14.19 billion during the quarter. Hitachi had a net margin of 7.21% and a return on equity of 11.90%. Equities analysts predict that Hitachi will post 2.1 EPS 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.