Short Interest in Yaskawa Electric Corp. (OTCMKTS:YASKY) Drops By 85.6%

Yaskawa Electric Corp. (OTCMKTS:YASKY) saw a significant decrease in short interest in September. As of September 30th, there was short interest totaling 5,300 shares, a decrease of 85.6% from the September 15th total of 36,800 shares. Based on an average daily volume of 15,400 shares, the short-interest ratio is presently 0.3 days. Based on an average daily volume of 15,400 shares, the short-interest ratio is presently 0.3 days.

Analysts Set New Price Targets

YASKY has been the topic of several recent research reports. Zacks Research raised shares of Yaskawa Electric from a “strong sell” rating to a “hold” rating in a report on Thursday, September 18th. The Goldman Sachs Group raised shares of Yaskawa Electric from a “hold” rating to a “buy” rating in a research note on Monday, October 13th. Nomura Securities raised shares of Yaskawa Electric from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 14th. Finally, UBS Group raised shares of Yaskawa Electric from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 10th. Two analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy”.

Yaskawa Electric Stock Performance

Shares of YASKY stock opened at $56.12 on Friday. Yaskawa Electric has a one year low of $36.11 and a one year high of $62.71. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.22 and a current ratio of 2.24. The company has a 50 day moving average price of $43.77 and a 200 day moving average price of $43.16. The firm has a market capitalization of $7.28 billion, a price-to-earnings ratio of 18.77 and a beta of 1.11.

Yaskawa Electric (OTCMKTS:YASKY) last issued its quarterly earnings results on Friday, October 3rd. The technology company reported $0.59 EPS for the quarter. Yaskawa Electric had a net margin of 10.72% and a return on equity of 13.33%. The firm had revenue of $914.02 million during the quarter. Sell-side analysts anticipate that Yaskawa Electric will post 3.02 EPS for the current year.

About Yaskawa Electric

YASKAWA Electric Corporation engages in motion control, robotics, system engineering, and other businesses worldwide. It manufactures and sells various AC drives, including general purpose AC drives, specific purpose AC drives, AC Drive for systems, regenerative energy saving units, and PM motors for use in household appliances, such as air conditioners and refrigerators; social infrastructures comprising elevators, escalators, trains, cranes, fans, and pumps; and factories that manufacture printing machinery, textile machinery, rubber machinery, and other materials.