Keyence Corporation (OTCMKTS:KYCCF – Get Free Report) was the recipient of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 527,831 shares, a growth of 52.2% from the July 15th total of 346,886 shares. Based on an average daily volume of 6,320 shares, the short-interest ratio is presently 83.5 days. Currently, 0.2% of the company’s stock are sold short.
Analyst Upgrades and Downgrades
Several research firms have weighed in on KYCCF. The Goldman Sachs Group raised Keyence from a “hold” rating to a “buy” rating in a research report on Thursday, May 28th. Erste Group Bank raised shares of Keyence to a “strong-buy” rating in a research note on Tuesday, May 12th. Finally, Zacks Research raised shares of Keyence to a “hold” rating in a research report on Tuesday, May 19th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Keyence has a consensus rating of “Buy”.
Check Out Our Latest Stock Report on Keyence
Keyence Price Performance
About Keyence
Keyence Corporation, established in 1974 by Takemitsu Takizaki and headquartered in Osaka, Japan, is a leading developer and manufacturer of automation and inspection equipment. The company focuses on delivering advanced technologies that improve manufacturing efficiency and quality control for a broad range of industries, including automotive, electronics, pharmaceuticals, food and beverage, and packaging.
Keyence’s product portfolio encompasses a variety of sensors, vision systems, laser markers, digital microscopes and measuring instruments.
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