Short Interest in Fanuc Corp. (OTCMKTS:FANUY) Rises By 301.9%

Key Points

• Fanuc Corp. experienced a significant increase in short interest, with a total of 440,900 shares as of August 15th, reflecting a 301.9% rise from July.
• The company's stock recently traded at $13.91 and has a market capitalization of $27.32 billion, with a price-to-earnings ratio of 24.39.
• Recent analyst ratings show a mix of opinions, with HSBC Global Res downgrading the stock to "hold" and UBS Group upgrading it to "strong-buy", resulting in an average rating of "Buy".

Fanuc Corp. (OTCMKTS:FANUY - Get Free Report) was the recipient of a significant increase in short interest in the month of August. As of August 15th, there was short interest totaling 440,900 shares, anincreaseof301.9% from the July 31st total of 109,700 shares. Based on an average trading volume of 652,500 shares, the short-interest ratio is presently 0.7 days. Based on an average trading volume of 652,500 shares, the short-interest ratio is presently 0.7 days.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Hsbc Global Res lowered Fanuc from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 6th. UBS Group raised Fanuc from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 20th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Buy".

Fanuc Stock Down 0.3%

Shares of OTCMKTS FANUY traded down $0.04 during midday trading on Friday, hitting $13.84. The stock had a trading volume of 308,043 shares, compared to its average volume of 303,992. The company has a market capitalization of $27.19 billion, a PE ratio of 24.28, a P/E/G ratio of 3.60 and a beta of 0.66. The stock has a 50 day simple moving average of $14.12 and a 200-day simple moving average of $13.61. Fanuc has a 1 year low of $10.54 and a 1 year high of $15.65.

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 for the quarter, beating the consensus estimate of $0.13 by $0.01. The business had revenue of $1.34 billion for 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%. As a group, analysts expect that Fanuc will post 0.46 earnings per share for the current fiscal 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.