Mitsubishi Heavy Industries, Ltd. (OTCMKTS:MHVYF) Short Interest Update

Mitsubishi Heavy Industries, Ltd. (OTCMKTS:MHVYF) was the recipient of a large growth in short interest during the month of 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 trading volume of 15,600 shares, the days-to-cover ratio is presently 555.4 days. Approximately 0.3% of the shares of the stock are sold short.

Analysts Set New Price Targets

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

Mitsubishi Heavy Industries Price Performance

Shares of OTCMKTS MHVYF traded down $0.40 during midday trading on Tuesday, reaching $19.30. 301,540 shares of the stock traded hands, compared to its average volume of 17,273. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.20 and a quick ratio of 0.85. The stock has a market capitalization of $65.11 billion, a PE ratio of 36.83 and a beta of 0.76. Mitsubishi Heavy Industries has a one year low of $7.99 and a one year high of $20.00. The company’s 50 day moving average is $14.58 and its 200 day moving average is $14.44.

Mitsubishi Heavy Industries (OTCMKTS:MHVYF) last issued its quarterly 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%.

Mitsubishi Heavy Industries Company Profile

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.