Hitachi, Ltd. Short Interest Rises in January

Hitachi, Ltd. (OTCMKTS:HTHIY - Get Free Report) experienced a notable increase in short interest throughout January. By the end of the month on January 31st, the short interest had risen to a total of 169,400 shares, marking a significant increase of 30.7% compared to the previous total of 129,600 shares recorded on January 15th. With an average trading volume of 315,300 shares, the short-interest ratio currently stands at 0.5 days.

Hitachi Stock Performance

On Friday, during mid-day trading, shares of HTHIY stock surged by $2.34, reaching a price of $56.63. The trading volume for the day was 137,621 shares, which is slightly below the average volume of 140,973 shares. The company’s stock has a 50-day simple moving average of $50.68 and a 200-day simple moving average of $50.05. Financial ratios show that Hitachi has a quick ratio of 0.85, a current ratio of 1.15, and a debt-to-equity ratio of 0.17. Over the past year, Hitachi has seen a low of $31.59 and a high of $58.19. The company's market capitalization is approximately $131.28 billion, with a P/E ratio of 8.66 and a P/E/G ratio of 1.75, along with a beta of 0.80.

Hitachi announced its earnings results on January 31st, reporting earnings per share (EPS) of $1.98 for the quarter, which exceeded the consensus estimate of $0.46 by $1.52. The company's return on equity stands at 9.68%, and their net margin is 6.03%. Analysts project that Hitachi will deliver an EPS of 1.72 for the current year.

About Hitachi

Hitachi, Ltd. specializes in providing various digital systems and services, green energy solutions, mobility options, and connected industry solutions, both in Japan and internationally. The company operates through several segments, including Digital Systems & Services, Green Energy & Mobility, Connective Industries, Automotive Systems, Hitachi Construction Machinery, Hitachi Metals, and Others.

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This update was generated using advanced technology to ensure swift and accurate reporting.

Investing in Hitachi: What to Know

Before making any investment in Hitachi, it’s essential to be informed about current market insights.

Analytical resources keep track of Wall Street's most recommended stocks. It’s advisable to review the latest suggestions from analysts regarding potential buys, as Hitachi has currently maintained a "Hold" rating.

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