Short Interest in Hitachi Construction Machinery Co., Ltd. (OTCMKTS:HTCMY) Drops By 90.9%

Hitachi Construction Machinery Co., Ltd. (OTCMKTS:HTCMY - Get Free Report) was the recipient of a large drop in short interest during the month of March. As of March 15th, there was short interest totalling 100 shares, a drop of 90.9% from the February 28th total of 1,100 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 200 shares, the days-to-cover ratio is presently 0.5 days.Hitachi Construction Machinery Stock PerformanceHitachi Construction Machinery stock remained flat at $54.48 during midday trading on Thursday. 40 shares of the company's stock were exchanged, compared to its average volume of 911. Hitachi Construction Machinery has a 52-week low of $40.85 and a 52-week high of $62.15. The company has a current ratio of 1.63, a quick ratio of 0.75 and a debt-to-equity ratio of 0.26. The firm has a market cap of $5.79 billion, a price-to-earnings ratio of 10.00 and a beta of 0.58. The stock has a fifty day moving average price of $50.37 and a two-hundred day moving average price of $47.40. Hitachi Construction Machinery Company Profile (Get Free Report)Hitachi Construction Machinery Co, Ltd., together with its subsidiaries, manufactures and sells construction machineries worldwide. The company operates through two segments, Construction Machinery Business and Solution Business. It offers excavators and wheel loaders, hydraulic excavators, compaction equipment, and rigid dump trucks.Featured StoriesFive stocks we like better than Hitachi Construction MachineryLow PE Growth Stocks: Unlocking Investment OpportunitiesPenny Stock SurgePays Rises 70%: 1 Reason to Buy, 5 to Sell 3 REITs to Buy and Hold for the Long TermTop 3 Beverage Stocks Pouring Out Profits3 Tickers Leading a Meme Stock RevivalCarMax and Carvana: Steering the Used Car MarketThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Hitachi Construction Machinery Right Now?Before you consider Hitachi Construction Machinery, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Hitachi Construction Machinery wasn't on the list.While Hitachi Construction Machinery currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here