Fujitsu Ltd. (OTCMKTS:FJTSY) Sees Large Decline in Short Interest

Fujitsu Ltd. (OTCMKTS:FJTSY) was the recipient of a large decrease in short interest in the month of April. As of April 15th, there was short interest totaling 12,422 shares, a decrease of 81.6% from the March 31st total of 67,668 shares. Based on an average daily volume of 1,312,632 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on FJTSY. Jefferies Financial Group downgraded shares of Fujitsu from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 18th. UBS Group raised shares of Fujitsu to a “hold” rating in a report on Monday, January 26th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Fujitsu presently has a consensus rating of “Hold”.

Fujitsu Stock Down 0.3%

Shares of OTCMKTS:FJTSY traded down $0.06 during midday trading on Friday, reaching $23.16. 107,020 shares of the company’s stock were exchanged, compared to its average volume of 521,957. The company’s 50 day simple moving average is $22.13 and its two-hundred day simple moving average is $25.06. Fujitsu has a 12 month low of $19.10 and a 12 month high of $30.05. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.87 and a quick ratio of 1.62.

Fujitsu Company Profile

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.