Short Interest in Subaru Corporation (OTCMKTS:FUJHY) Grows By 2,334.4%

Key Points

• Subaru Corporation experienced a significant increase in short interest, up 2,334.4% in August, totaling 77,900 shares, compared to just 3,200 shares at the end of July.
• Institutional investors have been actively buying Subaru shares, with GAMMA Investing LLC increasing its stake by 12.7% and Great Lakes Advisors LLC raising its holdings by 26.8%.
• The Goldman Sachs Group upgraded Subaru's rating from "neutral" to "buy," indicating a more positive outlook for the company's stock performance.

Subaru Corporation (OTCMKTS:FUJHY - Get Free Report) was the recipient of a significant growth in short interest in August. As of August 15th, there was short interest totaling 77,900 shares, agrowthof2,334.4% from the July 31st total of 3,200 shares. Based on an average trading volume of 234,900 shares, the days-to-cover ratio is presently 0.3 days. Based on an average trading volume of 234,900 shares, the days-to-cover ratio is presently 0.3 days.

Analysts Set New Price Targets

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

Subaru Trading Up 1.6%

OTCMKTS FUJHY traded up $0.16 on Friday, hitting $10.33. 53,092 shares of the company were exchanged, compared to its average volume of 47,011. The firm has a 50 day moving average of $9.44 and a two-hundred day moving average of $9.14. The company has a market cap of $15.14 billion, a P/E ratio of 7.33 and a beta of 0.40. Subaru has a 1-year low of $7.32 and a 1-year high of $10.63.

Subaru (OTCMKTS:FUJHY - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.26 earnings per share (EPS) 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%. Research analysts anticipate that Subaru will post 1.44 EPS for the current fiscal year.

Hedge Funds Weigh In On Subaru

Several hedge funds have recently added to or reduced their stakes in the company. CHICAGO TRUST Co NA boosted its holdings in Subaru by 24.5% during the second quarter. CHICAGO TRUST Co NA now owns 50,737 shares of the company's stock worth $442,000 after buying an additional 9,993 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Subaru by 12.7% during the 2nd quarter. GAMMA Investing LLC now owns 15,286 shares of the company's stock valued at $132,000 after purchasing an additional 1,728 shares in the last quarter. Finally, Great Lakes Advisors LLC lifted its holdings in shares of Subaru by 26.8% during the 1st 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. 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.