Subaru Corporation (OTCMKTS:FUJHY) Sees Large Decline in Short Interest

Key Points

• Short interest in Subaru Corporation has dropped significantly by 94.5% in July, with only 3,200 shares short sold as of July 31st.
• Subaru's stock price fell by 2.2% to $9.90, with a one-year range between $7.32 and $10.63.
• GAMMA Investing LLC and Great Lakes Advisors LLC are among the institutional investors who have heavily increased their stakes in Subaru.

Subaru Corporation (OTCMKTS:FUJHY - Get Free Report) saw a significant decrease in short interest during the month of July. As of July 31st, there was short interest totaling 3,200 shares, adecreaseof94.5% from the July 15th total of 58,700 shares. Approximately0.0% of the shares of the stock are short sold. Based on an average daily volume of 365,300 shares, the short-interest ratio is presently 0.0 days. Based on an average daily volume of 365,300 shares, the short-interest ratio is presently 0.0 days. Approximately0.0% of the shares of the stock are short sold.

Subaru Stock Down 2.2%

Shares of Subaru stock traded down $0.23 during trading hours on Thursday, reaching $9.90. 35,717 shares of the stock traded hands, compared to its average volume of 220,757. Subaru has a one year low of $7.32 and a one year high of $10.63. The firm has a market capitalization of $14.51 billion, a price-to-earnings ratio of 7.02 and a beta of 0.42. The company has a 50 day moving average price of $8.98 and a 200 day moving average price of $9.02.

Subaru (OTCMKTS:FUJHY - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.20 by $0.06. The company had revenue of $8.23 billion during the quarter, compared to the consensus estimate of $7.32 billion. Subaru had a return on equity of 11.62% and a net margin of 6.40%. Sell-side analysts anticipate that Subaru will post 1.44 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. GAMMA Investing LLC raised its holdings in Subaru by 1,214.1% during the 1st quarter. GAMMA Investing LLC now owns 120,802 shares of the company's stock valued at $1,076,000 after buying an additional 111,609 shares during the period. Great Lakes Advisors LLC raised its holdings in shares of Subaru by 26.8% in the first quarter. Great Lakes Advisors LLC now owns 293,796 shares of the company's stock valued at $2,618,000 after acquiring an additional 62,043 shares in the last quarter. Finally, CHICAGO TRUST Co NA raised its holdings in shares of Subaru by 24.5% in the second quarter. CHICAGO TRUST Co NA now owns 50,737 shares of the company's stock valued at $442,000 after acquiring an additional 9,993 shares in the last quarter. 0.01% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group upgraded shares of Subaru from a "neutral" rating to a "buy" rating in a research report on Thursday, July 24th.

Subaru Company Profile

Subaru Corporation manufactures and sells automobiles and aerospace products in Japan, rest of Asia, North America, Europe, and internationally. It operates through three segments: Automotive, Aerospace, and Others. The company manufactures, sells, and repairs passenger cars and their components, aircrafts, aerospace-related machinery, and related components; and rents and manages real estate properties.

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