Subaru Corporation (OTCMKTS:FUJHY) Stock Short Interest Falls 69.7%

Subaru Corporation (OTCMKTS:FUJHY) was the recipient of a significant decline in short interest in October. As of October 15th, there was short interest totaling 103,256 shares, a decline of 69.7% from the September 30th total of 340,822 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 331,183 shares, the days-to-cover ratio is currently 0.3 days.

Subaru Stock Performance

OTCMKTS:FUJHY opened at $8.29 on Wednesday. The company’s 50-day simple moving average is $8.23 and its 200-day simple moving average is $8.41. Subaru has a fifty-two week low of $7.10 and a fifty-two week high of $11.70.

Subaru (OTCMKTS:FUJHY) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.05). The company had revenue of $7.94 billion for the quarter, compared to analysts’ expectations of $7.94 billion. Subaru has set its FY 2027 guidance at 0.572-0.572 EPS. On average, sell-side analysts predict that Subaru will post 0.66 earnings per share for the current fiscal year.

Institutional Trading of Subaru

An institutional investor recently raised its position in Subaru stock. GAMMA Investing LLC lifted its holdings in Subaru Corporation (OTCMKTS:FUJHY) by 69.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,221 shares of the company’s stock after purchasing an additional 2,947 shares during the quarter. GAMMA Investing LLC’s holdings in Subaru were worth $58,000 as of its most recent SEC filing. Institutional investors and hedge funds own 0.01% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of Subaru from a “strong sell” rating to a “hold” rating in a research note on Monday, August 3rd. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Reduce”.

About Subaru

Subaru Corporation is a Japanese manufacturer best known for its Subaru automobile brand. The company develops, produces and sells passenger cars and sport utility vehicles, with a product lineup that includes models such as the Impreza, Legacy, Outback, Forester, Crosstrek and Solterra. Subaru vehicles are widely associated with symmetrical all-wheel-drive systems, horizontally opposed “boxer” engines and driver-assistance technologies.

In addition to automobiles, Subaru operates an aerospace business that develops and manufactures aircraft, aerospace components and related systems.