Fanuc Co. (OTCMKTS:FANUY) saw a significant growth in short interest in December. As of December 31st, there was short interest totalling 125,200 shares, a growth of 221.0% from the December 15th total of 39,000 shares. Based on an average daily volume of 552,500 shares, the short-interest ratio is currently 0.2 days.
A number of research analysts recently weighed in on FANUY shares. HSBC lowered shares of Fanuc from a “buy” rating to a “hold” rating in a research report on Thursday, October 28th. Zacks Investment Research raised shares of Fanuc from a “sell” rating to a “hold” rating in a research report on Tuesday, December 28th. Finally, Daiwa Capital Markets raised shares of Fanuc from a “neutral” rating to an “outperform” rating in a research report on Tuesday, November 30th.
Shares of FANUY traded down $0.59 during trading hours on Friday, hitting $20.75. The company’s stock had a trading volume of 310,646 shares, compared to its average volume of 306,946. The company has a market cap of $41.90 billion, a price-to-earnings ratio of 29.64, a PEG ratio of 1.31 and a beta of 1.01. The business has a 50 day simple moving average of $20.78 and a two-hundred day simple moving average of $21.88. Fanuc has a 52-week low of $19.42 and a 52-week high of $28.50.
FANUC Corp. engages in the development, manufacture, sale, and maintenance of computer numerical control (CNC) systems, lasers, robot systems, robomachines, roboshot, robocut and nano robots. It operates through the following divisions: Factory Automation (FA), Robot, and Robomachine. The FA division manufactures CNC systems, CNC servo motors, and lasers.
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