Short Interest in Fujitsu Ltd. (OTCMKTS:FJTSY) Drops By 68.4%

Fujitsu Ltd. (OTCMKTS:FJTSY) was the recipient of a significant decline in short interest in May. As of May 15th, there was short interest totaling 18,009 shares, a decline of 68.4% from the April 30th total of 57,010 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 614,617 shares, the days-to-cover ratio is currently 0.0 days.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group lowered Fujitsu from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 18th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Fujitsu currently has an average rating of “Hold”.

Fujitsu Stock Down 5.1%

Shares of FJTSY stock traded down $1.15 during trading hours on Friday, reaching $21.40. 226,694 shares of the company’s stock were exchanged, compared to its average volume of 283,534. Fujitsu has a 1 year low of $19.10 and a 1 year high of $30.05. The stock has a market cap of $37.58 billion, a PE ratio of 47.56, a PEG ratio of 1.10 and a beta of 0.80. The company has a current ratio of 1.87, a quick ratio of 1.62 and a debt-to-equity ratio of 0.05. The stock’s fifty day moving average price is $21.33 and its two-hundred day moving average price is $24.34.

About Fujitsu

Fujitsu Limited is a Tokyo-based multinational information and communication technology company that provides a broad range of technology products, solutions and services. Founded in 1935, the company has evolved from equipment manufacturing into a global IT services and systems integrator. Fujitsu’s offerings span consulting, application services, system integration, managed services, and business process outsourcing, targeting enterprise and public sector clients across multiple industries.

On the product side, Fujitsu develops and supplies computing hardware and infrastructure including servers, storage and networking equipment, as well as semiconductor and electronic components.