Short Interest in Yaskawa Electric Corp. (OTCMKTS:YASKY) Rises By 72.7%

Key Points

• Short interest in Yaskawa Electric Corp. increased by 72.7% in July, reaching a total of 1,900 shares by July 31st.
• The company's stock rating was downgraded from a "strong-buy" to a "hold" by The Goldman Sachs Group on July 8th.
• Yaskawa Electric reported $0.37 EPS and $869.63 million in revenue for the latest quarter, with a net margin of 10.37%.

Yaskawa Electric Corp. (OTCMKTS:YASKY - Get Free Report) was the target of a large growth in short interest in July. As of July 31st, there was short interest totaling 1,900 shares, agrowthof72.7% from the July 15th total of 1,100 shares. Currently,0.0% of the company's stock are sold short. Based on an average daily volume of 28,800 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 28,800 shares, the days-to-cover ratio is currently 0.1 days. Currently,0.0% of the company's stock are sold short.

Analyst Ratings Changes

Separately, The Goldman Sachs Group downgraded shares of Yaskawa Electric from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 8th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, Yaskawa Electric currently has an average rating of "Hold".

Yaskawa Electric Stock Performance

OTCMKTS:YASKY traded down $0.1750 during midday trading on Thursday, reaching $40.5950. The stock had a trading volume of 1,149 shares, compared to its average volume of 25,932. Yaskawa Electric has a 1-year low of $36.1080 and a 1-year high of $73.00. The firm's fifty day simple moving average is $42.51 and its 200-day simple moving average is $46.36. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.24 and a quick ratio of 1.22. The stock has a market capitalization of $5.26 billion, a P/E ratio of 14.34 and a beta of 1.06.

Yaskawa Electric (OTCMKTS:YASKY - Get Free Report) last posted its earnings results on Friday, July 4th. The technology company reported $0.37 earnings per share (EPS) for the quarter. Yaskawa Electric had a net margin of 10.37% and a return on equity of 12.90%. The business had revenue of $869.63 million for the quarter. On average, equities research analysts forecast that Yaskawa Electric will post 3.02 EPS for the current fiscal year.

About Yaskawa Electric

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.