Fanuc Corp. (OTCMKTS:FANUY) Short Interest Up 279.0% in August

Fanuc Corp. (OTCMKTS:FANUY) was the recipient of a large increase in short interest in August. As of August 14th, there was short interest totaling 138,233 shares, an increase of 279.0% from the July 30th total of 36,470 shares. Based on an average daily trading volume, of 646,245 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on FANUY. UBS Group cut Fanuc from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 13th. Citigroup downgraded shares of Fanuc from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 17th. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Fanuc presently has a consensus rating of “Moderate Buy”.

Fanuc Trading Down 0.8%

OTCMKTS FANUY opened at $18.79 on Thursday. Fanuc has a 1-year low of $13.60 and a 1-year high of $27.54. The company has a 50 day moving average of $20.99 and a 200-day moving average of $21.22. The company has a market cap of $36.91 billion, a price-to-earnings ratio of 30.31, a PEG ratio of 2.61 and a beta of 1.04.

Fanuc (OTCMKTS:FANUY) last issued its quarterly earnings results on Friday, July 31st. The industrial products company reported $0.17 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.17. The business had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.47 billion. Fanuc had a return on equity of 9.59% and a net margin of 20.11%. On average, equities research analysts forecast that Fanuc will post 0.68 earnings per share for the current year.

About Fanuc

FANUC is a Japanese company specializing in factory automation, best known for its computer numerical control (CNC) systems and industrial robots. The company designs, manufactures and services automation equipment that is used to control machine tools, perform material handling, welding, assembly and other production tasks. FANUC’s product portfolio spans CNC controllers, servomotors and drives, a broad range of articulated and specialized robots, and the control systems and software that integrate these components into automated production lines.

Headquartered in Yamanashi Prefecture, Japan, FANUC serves a global customer base across automotive, electronics, aerospace, metalworking and general manufacturing industries.