Fanuc Corp. (OTCMKTS:FANUY) Short Interest Down 47.4% in September

Key Points

• Fanuc Corp. experienced a significant decline in short interest, with a reduction of 47.4% to 82,100 shares as of September 15th.
• The stock received a downgrade from strong-buy to hold by HSBC Global Research, impacting its analyst rating consensus which remains a Buy.
• Fanuc's latest earnings showed an EPS of $0.14, slightly exceeding the analysts' expectations of $0.13, although revenue of $1.34 billion fell short of the anticipated $1.35 billion.

Fanuc Corp. (OTCMKTS:FANUY - Get Free Report) was the target of a large decline in short interest during the month of September. As of September 15th, there was short interest totaling 82,100 shares, a decline of 47.4% from the August 31st total of 156,200 shares. Based on an average daily trading volume, of 535,200 shares, the short-interest ratio is presently 0.2 days. Based on an average daily trading volume, of 535,200 shares, the short-interest ratio is presently 0.2 days.

Analyst Ratings Changes

Separately, Hsbc Global Res lowered Fanuc from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 6th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Buy".

Fanuc Stock Performance

Shares of Fanuc stock traded up $0.75 on Friday, hitting $14.85. 623,047 shares of the company's stock were exchanged, compared to its average volume of 238,215. Fanuc has a 1 year low of $10.54 and a 1 year high of $15.65. The company has a 50-day simple moving average of $14.55 and a 200-day simple moving average of $13.59. The stock has a market capitalization of $29.18 billion, a PE ratio of 26.05, a PEG ratio of 3.56 and a beta of 0.71.

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

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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