Short Interest in Mitsubishi Heavy Industries, Ltd. (OTCMKTS:MHVYF) Rises By 24.4%

Mitsubishi Heavy Industries, Ltd. (OTCMKTS:MHVYF) was the recipient of a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 8,664,800 shares, an increase of 24.4% from the February 13th total of 6,965,100 shares. Currently, 0.3% of the company’s shares are sold short. Based on an average daily volume of 15,600 shares, the days-to-cover ratio is presently 555.4 days.

Mitsubishi Heavy Industries Trading Up 12.9 %

MHVYF traded up $2.25 during trading on Monday, hitting $19.70. 24,560 shares of the company’s stock were exchanged, compared to its average volume of 11,214. The company has a current ratio of 1.20, a quick ratio of 0.85 and a debt-to-equity ratio of 0.33. Mitsubishi Heavy Industries has a 1 year low of $7.99 and a 1 year high of $20.00. The stock has a 50 day moving average price of $14.58 and a 200 day moving average price of $14.44. The firm has a market cap of $66.46 billion, a P/E ratio of 36.83 and a beta of 0.76.

Mitsubishi Heavy Industries (OTCMKTS:MHVYF) last posted its earnings results on Tuesday, February 4th. The company reported $0.13 EPS for the quarter. Mitsubishi Heavy Industries had a net margin of 5.17% and a return on equity of 10.66%.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group upgraded shares of Mitsubishi Heavy Industries from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 5th.

About Mitsubishi Heavy Industries

Mitsubishi Heavy Industries, Ltd. manufactures and sells heavy machinery worldwide. It operates through Energy Systems; Plants & Infrastructure Systems; Logistics, Thermal & Drive Systems; and Aircraft, Defense & Space segments. The company offers thermal, renewable energy, nuclear power generation, and engine power plants; oil and gas production plants; lithium-ion battery products and fuel cells; civil aircrafts and engines, aviation equipment, and maintenance, repair, and overhaul of aircrafts; and launch vehicles and services, rocket engines, reaction control systems, space stations, rocket launchers, rocket engine combustion test facilities, and electronic parts.