Fuji Electric Co., Ltd. - Unsponsored ADR (OTCMKTS:FELTY) Short Interest Down 83.8% in September

Key Points

• Fuji Electric Co., Ltd. experienced a significant decline in short interest of 83.8% in September, dropping from 57,500 shares to 9,300 shares.
• As of now, the stock has a price-to-earnings ratio of 0.07 and a market capitalization of $10.30 billion.
• Analysts have updated their ratings for Fuji Electric, raising it from a "strong sell" to a "hold" rating.

Fuji Electric Co., Ltd. - Unsponsored ADR (OTCMKTS:FELTY - Get Free Report) was the recipient of a large decline in short interest in September. As of September 30th, there was short interest totaling 9,300 shares, a decline of 83.8% from the September 15th total of 57,500 shares. Based on an average daily volume of 17,700 shares, the short-interest ratio is presently 0.5 days. Based on an average daily volume of 17,700 shares, the short-interest ratio is presently 0.5 days.

Fuji Electric Trading Down 0.0%

Shares of FELTY traded down $0.01 during trading hours on Friday, reaching $17.49. 2,089 shares of the stock traded hands, compared to its average volume of 31,205. Fuji Electric has a 52 week low of $7.92 and a 52 week high of $17.66. The stock has a fifty day simple moving average of $16.46 and a 200 day simple moving average of $13.08. The company has a market cap of $10.30 billion and a price-to-earnings ratio of 0.07.

Analyst Ratings Changes

Separately, Zacks Research raised shares of Fuji Electric from a "strong sell" rating to a "hold" rating in a research note on Tuesday, August 26th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold".

About Fuji Electric

Fuji Electric Co, Ltd., together with its subsidiaries, develops power semiconductors and electronics solutions in Japan and internationally. It operates through Power Electronics Energy, Power Electronics Industry, Semiconductor, Power Generation, Food and Beverages Distribution, Others segments. The company also offers drivers and inverters including AC drivers, motors, and servo systems; semiconductors and photoconductors; power supply products, which includes uninterruptible power systems, solar inverters, data centers, rectifiers, and formers; sensors and measurements, such as instrumentation and radiation monitoring systems; and factory automation systems.

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