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

Hitachi, Ltd. (OTCMKTS:HTHIY) saw a significant increase in short interest during the month of January. As of January 31st, there was short interest totalling 169,400 shares, an increase of 30.7% from the January 15th total of 129,600 shares. Based on an average daily trading volume, of 315,300 shares, the days-to-cover ratio is currently 0.5 days.

Hitachi Stock Performance

HTHIY stock traded up $2.34 on Friday, hitting $56.63. The company’s stock had a trading volume of 137,621 shares, compared to its average volume of 140,973. The stock has a market cap of $131.28 billion, a price-to-earnings ratio of 8.66, a price-to-earnings-growth ratio of 1.75 and a beta of 0.80. The firm has a 50 day moving average of $50.68 and a two-hundred day moving average of $50.05. The company has a current ratio of 1.15, a quick ratio of 0.85 and a debt-to-equity ratio of 0.17. Hitachi has a 1 year low of $31.59 and a 1 year high of $58.19.

Hitachi (OTCMKTS:HTHIY) last announced its 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 net margin of 6.03% and a return on equity of 9.68%. Equities analysts predict that Hitachi will post 1.72 EPS for the current fiscal year.

About Hitachi

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.