Fanuc Corp. (OTCMKTS:FANUY) Sees Significant Growth in Short Interest

Fanuc Corp. (OTCMKTS:FANUY) saw a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 179,647 shares, a growth of 100.0% from the September 15th total of 89,830 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,125,474 shares, the short-interest ratio is presently 0.2 days.

Fanuc Trading Down 1.6%

Shares of OTCMKTS FANUY traded down $0.30 during trading hours on Wednesday, hitting $19.27. 224,429 shares of the company traded hands, compared to its average volume of 484,633. The stock has a market capitalization of $37.87 billion, a price-to-earnings ratio of 31.09, a price-to-earnings-growth ratio of 2.65 and a beta of 1.07. The company’s 50 day moving average price is $19.23 and its 200 day moving average price is $20.88. Fanuc has a 12 month low of $14.80 and a 12 month high of $27.54.

Fanuc (OTCMKTS:FANUY) last posted its quarterly earnings data on Friday, July 31st. The industrial products company reported $0.17 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.17. The firm had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.47 billion. Fanuc had a net margin of 20.11% and a return on equity of 9.60%. Equities analysts anticipate that Fanuc will post 0.68 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently commented on FANUY shares. Citigroup downgraded Fanuc from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 17th. UBS Group downgraded shares of Fanuc from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 13th. One analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Fanuc currently has an average rating of “Moderate Buy”.

About Fanuc

FANUC Corporation is a Japanese provider of factory automation and industrial robotics technology. The company develops and manufactures computerized numerical control (CNC) systems, servo motors and servo amplifiers used to control machine tools and production equipment.

Its product portfolio also includes industrial robots and robotic systems for applications such as assembly, material handling, welding, packaging and painting. FANUC offers factory automation equipment including machining centers, electric injection molding machines and wire-cut electrical discharge machines, as well as software and related services designed to support automated manufacturing operations.

FANUC traces its origins to numerical control research conducted by Fujitsu in the 1950s and became an independent company in 1972.