Fujitsu Ltd. (OTCMKTS:FJTSY) Short Interest Up 167.1% in May

Fujitsu Ltd. (OTCMKTS:FJTSY) saw a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 48,094 shares, an increase of 167.1% from the May 14th total of 18,009 shares. Based on an average trading volume of 531,077 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

Analyst Ratings Changes

Separately, Jefferies Financial Group downgraded shares of Fujitsu from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 18th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat, Fujitsu currently has an average rating of “Hold”.

Fujitsu Stock Performance

Fujitsu stock traded down $0.80 during mid-day trading on Friday, hitting $20.49. The company had a trading volume of 183,299 shares, compared to its average volume of 423,566. Fujitsu has a 12-month low of $19.10 and a 12-month high of $30.05. The company has a market capitalization of $35.98 billion, a price-to-earnings ratio of 45.53, a P/E/G ratio of 1.01 and a beta of 0.81. The company has a current ratio of 1.87, a quick ratio of 1.62 and a debt-to-equity ratio of 0.05. The company’s fifty day moving average is $21.59 and its 200-day moving average is $24.04.

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.