Yaskawa Electric Corp. (OTCMKTS:YASKY) Sees Large Drop in Short Interest

Yaskawa Electric Corp. (OTCMKTS:YASKY) saw a significant decrease in short interest in the month of May. As of May 15th, there was short interest totaling 9,182 shares, a decrease of 85.8% from the April 30th total of 64,527 shares. Based on an average daily trading volume, of 21,623 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.0% of the company’s shares are short sold.

Yaskawa Electric Stock Down 3.4%

Yaskawa Electric stock opened at $89.01 on Thursday. Yaskawa Electric has a 1-year low of $37.53 and a 1-year high of $92.46. The firm has a market capitalization of $11.54 billion, a price-to-earnings ratio of 49.17 and a beta of 1.37. The firm’s fifty day moving average price is $68.58 and its two-hundred day moving average price is $63.70. The company has a current ratio of 2.47, a quick ratio of 1.36 and a debt-to-equity ratio of 0.13.

Yaskawa Electric (OTCMKTS:YASKY) last released its quarterly earnings data on Friday, April 10th. The technology company reported $0.48 earnings per share for the quarter. Yaskawa Electric had a net margin of 6.50% and a return on equity of 7.51%. The firm had revenue of $941.89 million for the quarter.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Jefferies Financial Group upgraded shares of Yaskawa Electric from a “moderate sell” rating to a “hold” rating in a research report on Monday, April 13th. Citigroup raised shares of Yaskawa Electric from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 11th. Three research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Yaskawa Electric currently has an average rating of “Buy”.

Yaskawa Electric Company Profile

Yaskawa Electric Corporation is a Japan?based manufacturer of industrial automation equipment, specializing in motion control technology, robotics, and drive systems. The company designs and produces a range of products that include AC and DC servo motors, inverters, programmable logic controllers, welding robots and general-purpose industrial robots. Its offerings are used across diverse sectors such as automotive, electronics, food and beverage, pharmaceuticals, and logistics to improve productivity, precision and energy efficiency in manufacturing processes.

Founded in 1915 in Kitakyushu, Japan, Yaskawa Electric has evolved from a regional motor repair shop into a global provider of factory automation and mechatronic solutions.