Fujitsu Ltd. (OTCMKTS:FJTSY – Get Free Report) was the recipient of a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 57,010 shares, a growth of 358.9% from the April 15th total of 12,422 shares. Based on an average trading volume of 1,133,088 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s shares are sold short.
Fujitsu Trading Down 1.3%
Shares of FJTSY traded down $0.26 during trading hours on Friday, reaching $20.45. 129,949 shares of the company traded hands, compared to its average volume of 447,193. The company’s fifty day moving average price is $21.63 and its two-hundred day moving average price is $24.70. The company has a market capitalization of $35.91 billion, a price-to-earnings ratio of 45.44, a price-to-earnings-growth ratio of 0.94 and a beta of 0.80. The company has a quick ratio of 1.62, a current ratio of 1.87 and a debt-to-equity ratio of 0.05. Fujitsu has a 12 month low of $19.10 and a 12 month high of $30.05.
Analyst Upgrades and Downgrades
A number of research firms have issued reports on FJTSY. UBS Group upgraded shares of Fujitsu to a “hold” rating in a research report on Monday, January 26th. Jefferies Financial Group cut shares of Fujitsu from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 18th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of “Hold”.
About Fujitsu
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.
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