Mitsubishi Heavy Industries, Ltd. (OTCMKTS:MHVYF) Sees Significant Increase in Short Interest

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

Wall Street Analysts Forecast Growth

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

Mitsubishi Heavy Industries Stock Down 2.0 %

OTCMKTS:MHVYF opened at $19.30 on Wednesday. Mitsubishi Heavy Industries has a 52 week low of $7.99 and a 52 week high of $20.00. The stock has a 50 day moving average of $14.68 and a 200-day moving average of $14.48. The firm has a market capitalization of $65.11 billion, a PE ratio of 36.83 and a beta of 0.76. 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 (OTCMKTS:MHVYF) last announced its earnings results on Tuesday, February 4th. The company reported $0.13 earnings per share (EPS) for the quarter. Mitsubishi Heavy Industries had a return on equity of 10.66% and a net margin of 5.17%.

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.