Fanuc Corp. (OTCMKTS:FANUY) Sees Significant Decrease in Short Interest

Key Points

• Fanuc Corp. experienced a significant 64.6% reduction in short interest from August 15th to August 31st, dropping from 440,900 shares to 156,200 shares.
• The company's latest earnings report revealed an EPS of $0.14, exceeding estimates by $0.01, with a net margin of 19.62% and revenue of $1.34 billion for the quarter.
• Wall Street analysts have mixed views on the stock, with HSBC Global Research downgrading it to "hold," while UBS Group upgraded it to "strong-buy," leading to an average rating of "Buy."

Fanuc Corp. (OTCMKTS:FANUY - Get Free Report) saw a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 156,200 shares, a drop of 64.6% from the August 15th total of 440,900 shares. Based on an average daily volume of 563,500 shares, the short-interest ratio is presently 0.3 days. Currently, 0.0% of the company's shares are sold short. Currently, 0.0% of the company's shares are sold short. Based on an average daily volume of 563,500 shares, the short-interest ratio is presently 0.3 days.

Fanuc Stock Performance

FANUY opened at $14.37 on Friday. The company's 50 day simple moving average is $14.18 and its 200 day simple moving average is $13.60. Fanuc has a 1 year low of $10.54 and a 1 year high of $15.65. The stock has a market capitalization of $28.23 billion, a PE ratio of 25.21, a P/E/G ratio of 3.57 and a beta of 0.66.

Fanuc (OTCMKTS:FANUY - Get Free Report) last released its earnings results on Friday, July 25th. The industrial products company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.01. Fanuc had a net margin of 19.62% and a return on equity of 9.10%. The business had revenue of $1.34 billion for the quarter, compared to analysts' expectations of $1.35 billion. As a group, sell-side analysts expect that Fanuc will post 0.46 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Hsbc Global Res cut shares of Fanuc from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 6th. UBS Group raised shares of Fanuc from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 20th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, Fanuc presently has an average rating of "Buy".

Fanuc Company Profile

FANUC Corporation provides factory automation products in Japan, the Americas, Europe, China, the rest of Asia, and internationally. The company offers CNC series products, servo motors, lasers, robots, compact machining centers, electric injection molding machines, wire electrical discharge machines, and ultra-precision machines.

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