Short Interest in Fujitsu Ltd. (OTCMKTS:FJTSY) Drops By 68.4%

Fujitsu Ltd. (OTCMKTS:FJTSY) was the recipient of a significant decrease in short interest during the month of May. As of May 15th, there was short interest totaling 18,009 shares, a decrease of 68.4% from the April 30th total of 57,010 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 614,617 shares, the short-interest ratio is currently 0.0 days.

Analyst Ratings Changes

Separately, Jefferies Financial Group lowered Fujitsu from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 18th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the company has a consensus rating of “Hold”.

Fujitsu Stock Performance

OTCMKTS FJTSY traded down $1.15 during trading hours on Friday, reaching $21.40. The stock had a trading volume of 226,694 shares, compared to its average volume of 283,534. The stock has a fifty day moving average of $21.33 and a 200 day moving average of $24.34. The stock has a market cap of $37.58 billion, a P/E ratio of 47.56, a price-to-earnings-growth ratio of 1.10 and a beta of 0.80. Fujitsu has a 52-week low of $19.10 and a 52-week high of $30.05. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.62 and a current ratio of 1.87.

Fujitsu Company Profile

Fujitsu Limited is a Tokyo-based multinational information and communication technology company that provides a broad range of technology products, solutions and services. Founded in 1935, the company has evolved from equipment manufacturing into a global IT services and systems integrator. Fujitsu’s offerings span consulting, application services, system integration, managed services, and business process outsourcing, targeting enterprise and public sector clients across multiple industries.

On the product side, Fujitsu develops and supplies computing hardware and infrastructure including servers, storage and networking equipment, as well as semiconductor and electronic components.