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

Key Points

• Subaru Corporation saw a significant drop in short interest, with a reported decrease of 52.2% in September, bringing the total to 10,900 shares.
• Goldman Sachs upgraded Subaru from a "neutral" rating to a "buy" rating, while the consensus rating remains a "Hold" based on analyst opinions.
• The company's latest earnings report revealed $0.26 EPS, exceeding estimates, alongside a revenue of $8.23 billion for the quarter.

Subaru Corporation (OTCMKTS:FUJHY - Get Free Report) saw a large drop in short interest in the month of September. As of September 30th, there was short interest totaling 10,900 shares, a drop of 52.2% from the September 15th total of 22,800 shares. Based on an average daily volume of 137,700 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 137,700 shares, the days-to-cover ratio is currently 0.1 days.

Analyst Ratings Changes

Separately, The Goldman Sachs Group upgraded Subaru from a "neutral" rating to a "buy" rating in a report on Thursday, July 24th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold".

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. GAMMA Investing LLC grew its position in Subaru by 47.5% during the first quarter. GAMMA Investing LLC now owns 13,558 shares of the company's stock valued at $121,000 after purchasing an additional 4,365 shares in the last quarter. CHICAGO TRUST Co NA grew its position in Subaru by 24.5% during the second quarter. CHICAGO TRUST Co NA now owns 50,737 shares of the company's stock valued at $442,000 after purchasing an additional 9,993 shares in the last quarter. Finally, Great Lakes Advisors LLC grew its position in Subaru by 26.8% during the first quarter. Great Lakes Advisors LLC now owns 293,796 shares of the company's stock valued at $2,618,000 after purchasing an additional 62,043 shares in the last quarter. 0.01% of the stock is owned by hedge funds and other institutional investors.

Subaru Trading Up 1.7%

Shares of OTCMKTS FUJHY traded up $0.17 during mid-day trading on Monday, reaching $10.47. The company had a trading volume of 136,831 shares, compared to its average volume of 184,366. Subaru has a 1-year low of $7.32 and a 1-year high of $10.89. The stock has a market cap of $15.35 billion, a PE ratio of 7.43 and a beta of 0.39. The company has a 50-day moving average price of $10.20 and a two-hundred day moving average price of $9.34.

Subaru (OTCMKTS:FUJHY - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.06. The business had revenue of $8.23 billion for 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%. On average, research analysts expect that Subaru will post 1.44 EPS for the current year.

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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