Fujitsu Ltd. (OTCMKTS:FJTSY) Sees Large Increase in Short Interest

Key Points

• Short interest jumped 251.8% to 209,452 shares as of March 13, giving a days-to-cover ratio of just 0.2 days despite reported short interest representing roughly 0.0% of shares outstanding.
• Brokerage sentiment has cooled: Jefferies cut Fujitsu from "strong-buy" to "Hold" on March 18 while UBS moved it to "Hold" on January 26, leaving an average rating of Hold from two analysts.
• Shares opened at $20.57, trading below both the 50-day ($24.61) and 200-day ($25.54) moving averages; the company has a market cap of $36.12 billion and a P/E of 45.70, with a 52-week range of $17.28–$30.05.

Fujitsu Ltd. (OTCMKTS:FJTSY - Get Free Report) was the recipient of a significant growth in short interest during the month of March. As of March 13th, there was short interest totaling 209,452 shares, a growth of 251.8% from the February 26th total of 59,541 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 1,348,300 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily trading volume, of 1,348,300 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the shares of the company are short sold.

Analyst Ratings Changes

A number of brokerages recently issued reports on FJTSY. Jefferies Financial Group lowered Fujitsu from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 18th. UBS Group upgraded Fujitsu to a "hold" rating in a research note on Monday, January 26th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of "Hold".

Fujitsu Price Performance

Shares of FJTSY opened at $20.57 on Wednesday. The business's 50-day moving average is $24.61 and its two-hundred day moving average is $25.54. The company has a market capitalization of $36.12 billion, a P/E ratio of 45.70, a P/E/G ratio of 0.77 and a beta of 0.89. Fujitsu has a fifty-two week low of $17.28 and a fifty-two week high of $30.05. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.62 and a current ratio of 1.87.

Fujitsu Company Profile

Fujitsu Limited is a Tokyo-based multinational information and communication technology company that provides a broad range of technology products, solutions and services. Founded in 1935, the company has evolved from equipment manufacturing into a global IT services and systems integrator. Fujitsu's offerings span consulting, application services, system integration, managed services, and business process outsourcing, targeting enterprise and public sector clients across multiple industries.

On the product side, Fujitsu develops and supplies computing hardware and infrastructure including servers, storage and networking equipment, as well as semiconductor and electronic components.

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