Short Interest in Fujitsu Ltd. (OTCMKTS:FJTSY) Declines By 58.9%

Fujitsu Ltd. (OTCMKTS:FJTSY) saw a large decrease in short interest during the month of January. As of January 15th, there was short interest totaling 69,039 shares, a decrease of 58.9% from the December 31st total of 168,128 shares. Based on an average daily volume of 269,297 shares, the short-interest ratio is presently 0.3 days. Based on an average daily volume of 269,297 shares, the short-interest ratio is presently 0.3 days.

Analysts Set New Price Targets

Separately, UBS Group raised Fujitsu to a “hold” rating in a report on Monday. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Fujitsu has an average rating of “Hold”.

Fujitsu Stock Performance

Fujitsu stock traded up $2.37 during mid-day trading on Thursday, reaching $28.60. 202,477 shares of the company’s stock were exchanged, compared to its average volume of 149,772. The business’s fifty day simple moving average is $27.17 and its 200 day simple moving average is $25.36. The company has a quick ratio of 1.62, a current ratio of 1.87 and a debt-to-equity ratio of 0.05. Fujitsu has a one year low of $17.28 and a one year high of $30.05. The firm has a market capitalization of $50.05 billion, a PE ratio of 63.55, a P/E/G ratio of 0.99 and a beta of 0.83.

About Fujitsu

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.