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

Hitachi, Ltd. (OTCMKTS:HTHIY) saw a significant increase in short interest during the month of February. As of February 15th, there was short interest totalling 354,400 shares, an increase of 109.2% from the January 31st total of 169,400 shares. Based on an average daily volume of 219,600 shares, the short-interest ratio is presently 1.6 days.

Hitachi Price Performance

Hitachi stock traded down $0.48 during mid-day trading on Friday, hitting $25.16. 389,732 shares of the company traded hands, compared to its average volume of 279,237. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.81 and a current ratio of 1.08. Hitachi has a one year low of $16.18 and a one year high of $29.99. The stock has a market cap of $115.24 billion, a price-to-earnings ratio of 7.69, a price-to-earnings-growth ratio of 3.43 and a beta of 0.80. The stock has a fifty day moving average price of $46.88 and a 200-day moving average price of $49.28.

Hitachi (OTCMKTS:HTHIY) last posted its quarterly earnings data on Friday, January 31st. The conglomerate reported $1.98 earnings per share for the quarter, beating the consensus estimate of $0.46 by $1.52. Hitachi had a net margin of 6.03% and a return on equity of 9.65%. On average, equities analysts predict that Hitachi will post 0.47 earnings per share 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.