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

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

Yaskawa Electric Price Performance

YASKY opened at $89.01 on Thursday. The company has a market capitalization of $11.54 billion, a price-to-earnings ratio of 49.17 and a beta of 1.37. The company has a quick ratio of 1.36, a current ratio of 2.47 and a debt-to-equity ratio of 0.13. The firm has a 50-day moving average price of $68.58 and a 200-day moving average price of $63.70. Yaskawa Electric has a twelve month low of $37.53 and a twelve month high of $92.46.

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

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Jefferies Financial Group raised 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 report on Monday, May 11th. Three analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy”.

About Yaskawa Electric

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.