Keyence Corporation (OTCMKTS:KYCCF – Get Free Report) was the recipient of a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 527,831 shares, an increase of 52.2% from the July 15th total of 346,886 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average trading volume of 6,320 shares, the days-to-cover ratio is currently 83.5 days.
Analyst Upgrades and Downgrades
KYCCF has been the topic of several research reports. The Goldman Sachs Group raised Keyence from a “hold” rating to a “buy” rating in a research report on Thursday, May 28th. Erste Group Bank raised shares of Keyence to a “strong-buy” rating in a research report on Tuesday, May 12th. Finally, Zacks Research upgraded shares of Keyence to a “hold” rating in a research note on Tuesday, May 19th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy”.
View Our Latest Research Report on KYCCF
Keyence Stock Down 2.9%
Keyence Company Profile
Keyence Corporation, established in 1974 by Takemitsu Takizaki and headquartered in Osaka, Japan, is a leading developer and manufacturer of automation and inspection equipment. The company focuses on delivering advanced technologies that improve manufacturing efficiency and quality control for a broad range of industries, including automotive, electronics, pharmaceuticals, food and beverage, and packaging.
Keyence’s product portfolio encompasses a variety of sensors, vision systems, laser markers, digital microscopes and measuring instruments.
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