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

Fanuc Corp. (OTCMKTS:FANUY) was the target of a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 138,233 shares, a growth of 279.0% from the July 30th total of 36,470 shares. Based on an average trading volume of 646,245 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the shares of the company are sold short.

Fanuc Stock Performance

Shares of FANUY stock opened at $18.85 on Friday. The company has a market capitalization of $37.03 billion, a PE ratio of 30.40, a price-to-earnings-growth ratio of 2.58 and a beta of 1.04. Fanuc has a 52-week low of $13.60 and a 52-week high of $27.54. The business’s fifty day moving average is $20.89 and its 200 day moving average is $21.20.

Fanuc (OTCMKTS:FANUY) last announced its earnings results on Friday, July 31st. The industrial products company reported $0.17 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.17. The business had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.47 billion. Fanuc had a return on equity of 9.59% and a net margin of 20.11%. On average, sell-side analysts forecast that Fanuc will post 0.68 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. UBS Group lowered Fanuc from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 13th. Citigroup downgraded Fanuc from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 17th. One analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Fanuc currently has a consensus rating of “Moderate Buy”.

About Fanuc

FANUC is a Japanese company specializing in factory automation, best known for its computer numerical control (CNC) systems and industrial robots. The company designs, manufactures and services automation equipment that is used to control machine tools, perform material handling, welding, assembly and other production tasks. FANUC’s product portfolio spans CNC controllers, servomotors and drives, a broad range of articulated and specialized robots, and the control systems and software that integrate these components into automated production lines.

Headquartered in Yamanashi Prefecture, Japan, FANUC serves a global customer base across automotive, electronics, aerospace, metalworking and general manufacturing industries.