Yaskawa Electric Corp. (OTCMKTS:YASKY) Stock Short Interest Jumps 362.4%

Yaskawa Electric Corp. (OTCMKTS:YASKY) was the recipient of a significant growth in short interest during the month of October. As of October 30th, there was short interest totaling 4,596 shares, a growth of 362.4% from the October 15th total of 994 shares. Based on an average daily volume of 80,567 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

Yaskawa Electric Stock Down 2.5%

Shares of YASKY traded down $1.19 on Friday, hitting $46.60. 231,871 shares of the stock traded hands, compared to its average volume of 17,395. Yaskawa Electric has a one year low of $44.19 and a one year high of $96.17. The company has a market capitalization of $6.04 billion, a PE ratio of 26.48 and a beta of 1.63. The business has a 50 day simple moving average of $55.13 and a 200 day simple moving average of $66.18. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.31 and a current ratio of 2.42.

Yaskawa Electric (OTCMKTS:YASKY) last released its quarterly earnings data on Friday, October 9th. The technology company reported $0.65 EPS for the quarter. Yaskawa Electric had a return on equity of 7.19% and a net margin of 6.32%. The company had revenue of $912.69 million for the quarter. As a group, equities analysts forecast that Yaskawa Electric will post 2.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

YASKY has been the topic of several recent research reports. Zacks Research assumed coverage on Yaskawa Electric in a research note on Friday, October 30th. They issued a “hold” rating on the stock. The Goldman Sachs Group lowered Yaskawa Electric from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 20th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Yaskawa Electric Company Profile

Yaskawa Electric Corporation is a Japanese manufacturer of industrial automation and control equipment. Founded in 1915 and headquartered in Kitakyushu, Japan, the company serves customers in manufacturing and other industries around the world. Its products include AC drives, servo motors and controllers, and industrial robots. Yaskawa also provides automation systems and related technologies designed to help businesses control machinery, improve production processes, and automate tasks such as material handling, welding, and assembly.