Fujitsu Ltd. (OTCMKTS:FJTSY) Short Interest Down 67.7% in March

Key Points

• Short interest plunged 67.7% in March to 67,668 shares as of March 31, representing 0.0% of shares shorted and a days-to-cover ratio of just 0.1 based on average daily volume.
• Analysts have moved toward caution: Jefferies downgraded Fujitsu from "strong-buy" to "hold" on March 18, UBS recently moved it to "hold," and MarketBeat's consensus rating is "Hold."
• Shares recently opened near $20.68, with a market capitalization of $36.32 billion, a P/E of 45.96, and a 12‑month trading range of $18.64 to $30.05.

Fujitsu Ltd. (OTCMKTS:FJTSY - Get Free Report) was the target of a large drop in short interest in March. As of March 31st, there was short interest totaling 67,668 shares, a drop of 67.7% from the March 15th total of 209,452 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 958,135 shares, the days-to-cover ratio is presently 0.1 days.

Fujitsu Stock Performance

OTCMKTS:FJTSY opened at $20.68 on Friday. The company has a current ratio of 1.87, a quick ratio of 1.62 and a debt-to-equity ratio of 0.05. The firm has a 50-day moving average price of $22.74 and a two-hundred day moving average price of $25.12. Fujitsu has a twelve month low of $18.64 and a twelve month high of $30.05. The company has a market capitalization of $36.32 billion, a P/E ratio of 45.96, a price-to-earnings-growth ratio of 1.10 and a beta of 0.91.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Jefferies Financial Group downgraded shares of Fujitsu from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 18th. UBS Group upgraded shares of Fujitsu to a "hold" rating in a report on Monday, January 26th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat, Fujitsu has a consensus rating of "Hold".

About Fujitsu

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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