Harmonic Drive Systems Inc. (OTCMKTS:HSYDF) Short Interest Down 47.5% in August

Harmonic Drive Systems Inc. (OTCMKTS:HSYDF) saw a large decrease in short interest during the month of August. As of August 31st, there was short interest totaling 783,165 shares, a decrease of 47.5% from the August 15th total of 1,490,950 shares. Based on an average daily volume of 3,970 shares, the days-to-cover ratio is currently 197.3 days.

Harmonic Drive Systems Stock Performance

HSYDF traded up $0.95 during midday trading on Thursday, reaching $40.25. The company’s stock had a trading volume of 2,213 shares, compared to its average volume of 3,977. The company has a fifty day simple moving average of $39.62 and a 200 day simple moving average of $37.52. Harmonic Drive Systems has a twelve month low of $16.20 and a twelve month high of $57.16.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group raised shares of Harmonic Drive Systems from an “underperform” rating to a “buy” rating in a research note on Tuesday, June 16th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

About Harmonic Drive Systems

Harmonic Drive Systems Inc produces and sells precision control equipment and components worldwide. It offers speed reducers, rotary actuators, linear actuators, AC servo motors, and other mechatronics products, as well as otors, sensors, drivers, controllers, and other system elements. The company also provides HarmonicDrive, a speed reducer for space; high-precision planetary speed reducers under the AccuDrive and Harmonic Planetary brands; and high-performance gear heads for servo motors series.