Fanuc Corp. (OTCMKTS:FANUY) Short Interest Up 201.2% in September

Key Points

• Fanuc Corp. experienced a significant rise in short interest of 201.2% in September, reaching a total of 247,300 shares by the end of the month.
• The company was downgraded from a "strong-buy" to a "hold" rating by HSBC Global Research on August 6th, though it currently holds a consensus rating of "Buy" from analysts.
• Fanuc reported a quarterly earnings per share of $0.14, exceeding analysts' expectations, with a revenue of $1.34 billion for the quarter.

Fanuc Corp. (OTCMKTS:FANUY - Get Free Report) saw a significant increase in short interest in September. As of September 30th, there was short interest totaling 247,300 shares, an increase of 201.2% from the September 15th total of 82,100 shares. Based on an average daily trading volume, of 453,200 shares, the days-to-cover ratio is presently 0.5 days. Based on an average daily trading volume, of 453,200 shares, the days-to-cover ratio is presently 0.5 days.

Analyst Upgrades and Downgrades

Separately, Hsbc Global Res cut shares of Fanuc from a "strong-buy" rating to a "hold" rating in a research note 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. Based on data from MarketBeat.com, Fanuc currently has a consensus rating of "Buy".

Fanuc Stock Performance

OTCMKTS FANUY traded down $0.02 on Friday, reaching $14.89. The company had a trading volume of 260,460 shares, compared to its average volume of 382,343. The firm has a market capitalization of $29.26 billion, a price-to-earnings ratio of 26.12, a price-to-earnings-growth ratio of 3.73 and a beta of 0.71. Fanuc has a 1-year low of $10.54 and a 1-year high of $15.77. The company's fifty day moving average is $14.64 and its 200-day moving average is $13.64.

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

About Fanuc

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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