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

Key Points

• Subaru Corporation experienced a significant drop in short interest, falling by 75.8% in September to just 22,800 shares.
• Following the earnings report on August 7th, where it posted $0.26 earnings per share, Subaru is projected to report $1.44 earnings per share for the current year.
• The Goldman Sachs Group upgraded Subaru's rating from "neutral" to "buy", indicating positive market sentiment towards the stock.

Subaru Corporation (OTCMKTS:FUJHY - Get Free Report) saw a large decrease in short interest in the month of September. As of September 15th, there was short interest totaling 22,800 shares, a decrease of 75.8% from the August 31st total of 94,100 shares. Based on an average daily volume of 117,900 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 117,900 shares, the days-to-cover ratio is currently 0.2 days.

Subaru Price Performance

Subaru stock opened at $10.11 on Wednesday. The stock has a market cap of $14.82 billion, a price-to-earnings ratio of 7.17 and a beta of 0.40. The firm has a 50-day moving average of $10.07 and a two-hundred day moving average of $9.28. Subaru has a 1 year low of $7.32 and a 1 year high of $10.89.

Subaru (OTCMKTS:FUJHY - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.06. The firm had revenue of $8.23 billion during the quarter, compared to the consensus estimate of $7.32 billion. Subaru had a net margin of 6.40% and a return on equity of 11.48%. Research analysts expect that Subaru will post 1.44 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group raised Subaru from a "neutral" rating to a "buy" rating in a research note on Thursday, July 24th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold".

Hedge Funds Weigh In On Subaru

Institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC raised its holdings in shares of Subaru by 47.5% in the first quarter. GAMMA Investing LLC now owns 13,558 shares of the company's stock valued at $121,000 after acquiring an additional 4,365 shares in the last quarter. CHICAGO TRUST Co NA raised its holdings in shares of Subaru by 17.7% in the 1st quarter. CHICAGO TRUST Co NA now owns 40,744 shares of the company's stock valued at $360,000 after purchasing an additional 6,136 shares in the last quarter. Finally, Great Lakes Advisors LLC lifted its position in shares of Subaru by 26.8% in the 1st quarter. Great Lakes Advisors LLC now owns 293,796 shares of the company's stock worth $2,618,000 after purchasing an additional 62,043 shares during the period. Hedge funds and other institutional investors own 0.01% of the company's stock.

About Subaru

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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