Subaru Corporation (OTCMKTS:FUJHY – Get Free Report) was the recipient of a large decrease in short interest in the month of July. As of July 15th, there was short interest totaling 115,887 shares, a decrease of 38.0% from the June 30th total of 186,876 shares. Based on an average daily volume of 583,492 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the shares of the company are sold short.
Hedge Funds Weigh In On Subaru
An institutional investor recently raised its stake in Subaru stock. Great Lakes Advisors LLC increased its holdings in Subaru Corporation (OTCMKTS:FUJHY – Free Report) by 7.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 381,638 shares of the company’s stock after purchasing an additional 25,432 shares during the period. Great Lakes Advisors LLC’s holdings in Subaru were worth $4,095,000 at the end of the most recent quarter. 0.01% of the stock is currently owned by institutional investors.
Subaru Trading Down 3.8%
FUJHY traded down $0.34 on Friday, hitting $8.43. 136,428 shares of the stock traded hands, compared to its average volume of 276,225. The business has a fifty day moving average price of $7.75 and a two-hundred day moving average price of $8.49. The firm has a market capitalization of $12.10 billion, a PE ratio of 19.17, a P/E/G ratio of 0.39 and a beta of 0.37. Subaru has a 52 week low of $7.10 and a 52 week high of $11.70.
Wall Street Analysts Forecast Growth
Several research analysts have commented on the company. Zacks Research downgraded Subaru from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 7th. UBS Group cut Subaru from a “neutral” rating to a “sell” rating in a research report on Thursday, June 18th. Two equities research analysts have rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.
Check Out Our Latest Report on Subaru
About Subaru
Subaru Corporation, traded over the counter as OTCMKTS:FUJHY, is a Japanese multinational automaker known for its distinctive use of the horizontally opposed “boxer” engine and standard symmetrical all-wheel-drive system across most of its vehicle lineup. Founded in 1953 as Fuji Heavy Industries, the company rebranded to Subaru Corporation in 2017 to align its corporate identity with its well?established automotive brand. Subaru’s product portfolio includes compact and midsize sedans, sport wagons, crossovers and SUVs, with flagship models such as the Impreza, Legacy, Outback, Forester and Crosstrek (also marketed as the XV in some regions), as well as the performance-oriented BRZ sports coupe developed in partnership with Toyota.
In addition to passenger vehicles, Subaru Corporation is involved in the manufacturing of automotive components, aerospace products and industrial machinery, leveraging advanced materials and precision engineering capabilities inherited from its Fuji Heavy Industries heritage.
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