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

Fanuc Corp. (OTCMKTS:FANUY) was the target of a significant decrease in short interest in May. As of May 29th, there was short interest totaling 48,700 shares, a decrease of 45.0% from the May 14th total of 88,503 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 869,515 shares, the short-interest ratio is presently 0.1 days.

Fanuc Stock Performance

Shares of Fanuc stock opened at $21.91 on Friday. The firm has a market capitalization of $43.04 billion, a price-to-earnings ratio of 37.14, a PEG ratio of 2.72 and a beta of 1.01. The stock has a 50 day moving average of $22.30 and a 200 day moving average of $20.58. Fanuc has a fifty-two week low of $12.27 and a fifty-two week high of $27.54.

Fanuc (OTCMKTS:FANUY) last issued its earnings results on Friday, April 24th. The industrial products company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.04. The firm had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $224.28 billion. Fanuc had a net margin of 19.41% and a return on equity of 9.15%. Analysts forecast that Fanuc will post 0.67 EPS for the current year.

About Fanuc

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.