Fanuc Corp. (OTCMKTS:FANUY) Shares Shorted: Short Interest Up 100.0% in September

Fanuc Corp. (OTCMKTS:FANUY) saw a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 179,647 shares, an increase of 100.0% from the September 15th total of 89,830 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average trading volume of 1,125,474 shares, the days-to-cover ratio is currently 0.2 days.

Analysts Set New Price Targets

Several research analysts recently weighed in on FANUY shares. Citigroup lowered shares of Fanuc from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 17th. UBS Group downgraded shares of Fanuc from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Fanuc Stock Down 0.4%

Fanuc stock traded down $0.08 during mid-day trading on Thursday, hitting $19.14. 1,107,996 shares of the company’s stock were exchanged, compared to its average volume of 488,344. The company’s 50 day simple moving average is $19.20 and its 200-day simple moving average is $20.89. The firm has a market capitalization of $37.60 billion, a P/E ratio of 30.87, a PEG ratio of 2.69 and a beta of 1.07. Fanuc has a fifty-two week low of $14.80 and a fifty-two week high of $27.54.

Fanuc (OTCMKTS:FANUY) last posted its earnings results on Friday, July 31st. The industrial products company reported $0.17 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.17. The firm had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.47 billion. Fanuc had a return on equity of 9.60% and a net margin of 20.11%. Research analysts expect that Fanuc will post 0.68 EPS for the current year.

About Fanuc

FANUC Corporation is a Japanese provider of factory automation and industrial robotics technology. The company develops and manufactures computerized numerical control (CNC) systems, servo motors and servo amplifiers used to control machine tools and production equipment.

Its product portfolio also includes industrial robots and robotic systems for applications such as assembly, material handling, welding, packaging and painting. FANUC offers factory automation equipment including machining centers, electric injection molding machines and wire-cut electrical discharge machines, as well as software and related services designed to support automated manufacturing operations.

FANUC traces its origins to numerical control research conducted by Fujitsu in the 1950s and became an independent company in 1972.