Idemitsu Kosan Co.,Ltd. (OTCMKTS:IDKOY) Short Interest Update

by · The Markets Daily

Idemitsu Kosan Co.,Ltd. (OTCMKTS:IDKOY – Get Free Report) was the recipient of a large decrease in short interest during the month of June. As of June 30th, there was short interest totaling 288 shares, a decrease of 48.8% from the June 15th total of 563 shares. Based on an average trading volume of 3,289 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

Idemitsu Kosan Co.,Ltd. Stock Performance

OTCMKTS:IDKOY traded down $0.12 on Thursday, hitting $15.57. 558 shares of the stock were exchanged, compared to its average volume of 3,376. The company’s 50-day moving average price is $16.48 and its 200 day moving average price is $17.36. Idemitsu Kosan Co.,Ltd. has a 52 week low of $12.30 and a 52 week high of $21.05. The stock has a market capitalization of $9.53 billion and a price-to-earnings ratio of 0.38.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of Idemitsu Kosan Co.,Ltd. to a “hold” rating in a research report on Friday, April 24th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has a consensus rating of “Hold”.

Read Our Latest Report on Idemitsu Kosan Co.,Ltd.

Idemitsu Kosan Co.,Ltd. Company Profile

(Get Free Report)

Idemitsu Kosan Co, Ltd. is a Japanese energy company primarily engaged in the refining of crude oil and the production of petroleum products. Established in 1911 by Sazo Idemitsu, the company has grown into one of Japan’s leading refiners, supplying gasoline, diesel, jet fuel and kerosene to both industrial and retail customers. Its core refining operations are supported by a network of domestic refineries that process a wide range of crude oils.

In addition to its downstream refining business, Idemitsu Kosan manufactures petrochemical feedstocks used in the production of plastics, synthetic rubbers and other chemical intermediates.

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