Yaskawa Electric Corp. (OTCMKTS:YASKY) Sees Large Growth in Short Interest

Yaskawa Electric Corp. (OTCMKTS:YASKY) saw a significant increase in short interest in October. As of October 30th, there was short interest totaling 4,596 shares, an increase of 362.4% from the October 15th total of 994 shares. Based on an average daily volume of 80,567 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

Yaskawa Electric Stock Performance

YASKY stock traded up $2.04 during midday trading on Wednesday, reaching $49.23. The stock had a trading volume of 30,020 shares, compared to its average volume of 16,269. The firm has a fifty day simple moving average of $55.48 and a two-hundred day simple moving average of $66.34. The stock has a market cap of $6.38 billion, a PE ratio of 27.97 and a beta of 1.63. Yaskawa Electric has a 52-week low of $44.19 and a 52-week high of $96.17. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.31 and a current ratio of 2.42.

Yaskawa Electric (OTCMKTS:YASKY) last posted its quarterly earnings results on Friday, October 9th. The technology company reported $0.65 earnings per share (EPS) for the quarter. Yaskawa Electric had a net margin of 6.32% and a return on equity of 7.19%. The company had revenue of $912.69 million during the quarter. As a group, equities research analysts anticipate that Yaskawa Electric will post 2.31 EPS for the current year.

Analysts Set New Price Targets

Several research firms recently commented on YASKY. The Goldman Sachs Group lowered shares of Yaskawa Electric from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 20th. Zacks Research began coverage on Yaskawa Electric in a research report on Friday, October 30th. They set a “hold” rating on the stock. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

About Yaskawa Electric

Yaskawa Electric Corporation is a Japanese manufacturer of industrial automation and control equipment. Founded in 1915 and headquartered in Kitakyushu, Japan, the company serves customers in manufacturing and other industries around the world. Its products include AC drives, servo motors and controllers, and industrial robots. Yaskawa also provides automation systems and related technologies designed to help businesses control machinery, improve production processes, and automate tasks such as material handling, welding, and assembly.