Yaskawa Electric Corp. (OTCMKTS:YASKY) Sees Significant Decline in Short Interest

Key Points

• Yaskawa Electric Corp. experienced an 85.6% drop in short interest in September, decreasing from 36,800 shares to 5,300 shares as of September 30th.
• Brokerage ratings have improved significantly for Yaskawa Electric, with analysts from Goldman Sachs, Zacks, Nomura Securities, and UBS upgrading the company to buy or strong buy ratings.
• The company reported $0.59 earnings per share for its last quarter, with a revenue of $914.02 million and a net margin of 10.72%.

Yaskawa Electric Corp. (OTCMKTS:YASKY - Get Free Report) was the recipient of a significant drop in short interest in the month of September. As of September 30th, there was short interest totaling 5,300 shares, a drop of 85.6% from the September 15th total of 36,800 shares. Based on an average daily volume of 15,400 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily volume of 15,400 shares, the days-to-cover ratio is currently 0.3 days.

Analyst Ratings Changes

A number of brokerages have weighed in on YASKY. The Goldman Sachs Group upgraded shares of Yaskawa Electric from a "hold" rating to a "buy" rating in a research report on Monday. Zacks Research upgraded shares of Yaskawa Electric from a "strong sell" rating to a "hold" rating in a research report on Thursday, September 18th. Nomura Securities upgraded shares of Yaskawa Electric from a "hold" rating to a "strong-buy" rating in a research report on Tuesday. Finally, UBS Group upgraded shares of Yaskawa Electric from a "hold" rating to a "strong-buy" rating in a research report on Friday, October 10th. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Buy".

Yaskawa Electric Trading Down 0.3%

Shares of Yaskawa Electric stock opened at $56.24 on Friday. Yaskawa Electric has a 12-month low of $36.11 and a 12-month high of $62.71. The company has a market cap of $7.29 billion, a price-to-earnings ratio of 18.81 and a beta of 1.11. The company has a current ratio of 2.24, a quick ratio of 1.22 and a debt-to-equity ratio of 0.14. The company's 50-day moving average price is $43.50 and its 200-day moving average price is $43.16.

Yaskawa Electric (OTCMKTS:YASKY - Get Free Report) last announced its quarterly earnings results on Friday, October 3rd. The technology company reported $0.59 earnings per share (EPS) for the quarter. Yaskawa Electric had a net margin of 10.72% and a return on equity of 13.33%. The firm had revenue of $914.02 million for the quarter. On average, equities analysts expect that Yaskawa Electric will post 3.02 earnings per share for the current fiscal year.

Yaskawa Electric Company Profile

YASKAWA Electric Corporation engages in motion control, robotics, system engineering, and other businesses worldwide. It manufactures and sells various AC drives, including general purpose AC drives, specific purpose AC drives, AC Drive for systems, regenerative energy saving units, and PM motors for use in household appliances, such as air conditioners and refrigerators; social infrastructures comprising elevators, escalators, trains, cranes, fans, and pumps; and factories that manufacture printing machinery, textile machinery, rubber machinery, and other materials.

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