Yaskawa Electric Corp. (OTCMKTS:YASKY) Short Interest Update

Key Points

• Yaskawa Electric Corp. experienced a dramatic increase in short interest, rising from 4,000 shares at the end of August to 36,800 shares by September 15th, indicating a growth of 820.0%.
• Several equity analysts have provided mixed ratings, with Zacks upgrading the stock to a "hold" from a "strong sell," while Goldman Sachs downgraded it from "strong-buy" to "hold."
• As of now, shares of Yaskawa Electric have risen by 2.4% and the company reported earnings of $0.37 per share with a revenue of $869.63 million for the last quarter.

Yaskawa Electric Corp. (OTCMKTS:YASKY - Get Free Report) was the recipient of a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 36,800 shares, a growth of 820.0% from the August 31st total of 4,000 shares. Based on an average trading volume of 23,400 shares, the days-to-cover ratio is currently 1.6 days. Based on an average trading volume of 23,400 shares, the days-to-cover ratio is currently 1.6 days.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Zacks Research upgraded shares of Yaskawa Electric from a "strong sell" rating to a "hold" rating in a report on Thursday, September 18th. The Goldman Sachs Group lowered shares of Yaskawa Electric from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 8th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, Yaskawa Electric has a consensus rating of "Hold".

Yaskawa Electric Stock Up 2.4%

Shares of OTCMKTS YASKY opened at $42.46 on Wednesday. The company has a current ratio of 2.24, a quick ratio of 1.22 and a debt-to-equity ratio of 0.14. Yaskawa Electric has a 12-month low of $36.11 and a 12-month high of $69.91. The stock has a market cap of $5.51 billion, a P/E ratio of 15.00 and a beta of 1.04. The business's fifty day simple moving average is $41.74 and its 200-day simple moving average is $43.42.

Yaskawa Electric (OTCMKTS:YASKY - Get Free Report) last released its quarterly earnings data 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 company had revenue of $869.63 million during the quarter. As a group, equities analysts predict 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.