Fanuc Corp. (OTCMKTS:FANUY) Sees Large Decline 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. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 563,500 shares, the short-interest ratio is currently 0.3 days. Based on an average trading volume of 563,500 shares, the short-interest ratio is currently 0.3 days. Currently, 0.0% of the shares of the company are sold short.

Fanuc Trading Down 1.0%

Shares of OTCMKTS FANUY traded down $0.15 during trading on Wednesday, reaching $14.35. 179,262 shares of the company traded hands, compared to its average volume of 255,174. Fanuc has a 12-month low of $10.54 and a 12-month high of $15.65. The firm's fifty day simple moving average is $14.28 and its 200 day simple moving average is $13.59. The stock has a market cap of $28.19 billion, a P/E ratio of 25.18, a PEG ratio of 3.66 and a beta of 0.66.

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

Analyst Ratings Changes

A number of research firms have weighed in on FANUY. UBS Group upgraded Fanuc from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 20th. Hsbc Global Res lowered Fanuc from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 6th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Fanuc 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.