Short Interest in Komatsu Ltd. (OTCMKTS:KMTUY) Drops By 76.4%

Jul 08, 2023

Komatsu Ltd. (OTCMKTS:KMTUY - Get Free Report) was the recipient of a large drop in short interest during the month of August. As of August 15th, there was short interest totalling 50,000 shares, a drop of 76.4% from the July 31st total of 212,300 shares. Based on an average daily volume of 206,000 shares, the days-to-cover ratio is presently 0.2 days.

Komatsu stock traded up $0.22 during mid-day trading on Friday, hitting $27.17. 79,740 shares of the stock were exchanged, compared to its average volume of 90,808. The company has a quick ratio of 1.04, a current ratio of 1.90 and a debt-to-equity ratio of 0.22. Komatsu has a 12 month low of $17.11 and a 12 month high of $29.43. The firm's fifty day simple moving average is $27.36 and its two-hundred day simple moving average is $25.56. The stock has a market capitalization of $26.45 billion, a price-to-earnings ratio of 9.99, a PEG ratio of 1.07 and a beta of 1.26.

Komatsu (OTCMKTS:KMTUY - Get Free Report) last released its quarterly earnings results on Friday, July 28th. The industrial products company reported $0.81 earnings per share (EPS) for the quarter. Komatsu had a net margin of 9.56% and a return on equity of 13.68%. The firm had revenue of $6.55 billion during the quarter. Analysts forecast that Komatsu will post 2.63 EPS for the current year.

Komatsu Ltd. manufactures and sells construction, mining, and utility equipment; and forest and industrial machinery worldwide. The company operates through three segments: Construction, Mining and Utility Equipment; Retail Finance; and Industrial Machinery and Others. It offers construction and mining equipment, including excavators, wheel loaders, and bulldozers, motor graders, dump truck, rope and hybrid shovels, electric wheel loaders, continuous miners, and jumbo drills; The company also provides forestry equipment, including harvesters, forwarders, feller bunchers, excavators, mini excavators, and forklifts; demolition, waste, and recycling equipment, such as mobile crushers, hydraulic excavators, wheel loaders, and mini shovels; material handling equipment; and tunnel-boring machines, pipe layers, towing tractors, and engines.

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