Fanuc Corp. (OTCMKTS:FANUY) Sees Large Drop in Short Interest

Fanuc Corp. (OTCMKTS:FANUY) was the recipient of a significant decline in short interest during the month of April. As of April 30th, there was short interest totaling 76,707 shares, a decline of 37.6% from the April 15th total of 122,946 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 1,042,847 shares, the days-to-cover ratio is presently 0.1 days.

Fanuc Price Performance

OTCMKTS:FANUY traded up $0.77 during trading hours on Friday, reaching $26.29. The company’s stock had a trading volume of 347,196 shares, compared to its average volume of 500,674. The company has a market cap of $51.65 billion, a price-to-earnings ratio of 44.56, a price-to-earnings-growth ratio of 3.58 and a beta of 0.99. Fanuc has a one year low of $12.27 and a one year high of $27.54. The business’s 50-day moving average is $20.08 and its 200-day moving average is $19.48.

Fanuc (OTCMKTS:FANUY) last announced its quarterly earnings results on Friday, April 24th. The industrial products company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.04. The company had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $224.28 billion. Fanuc had a return on equity of 9.24% and a net margin of 19.41%. On average, sell-side analysts predict that Fanuc will post 0.64 EPS for the current fiscal year.

Fanuc Company Profile

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.