Fanuc Corp. (OTCMKTS:FANUY) Sees Large Decline in Short Interest

Fanuc Corp. (OTCMKTS:FANUY – Get Free Report) saw a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 36,470 shares, a decline of 49.5% from the July 15th total of 72,277 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 1,180,233 shares, the days-to-cover ratio is currently 0.0 days.

Wall Street Analysts Forecast Growth

Separately, UBS Group downgraded Fanuc from a “strong-buy” rating to a “hold” rating in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy”.

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Fanuc Stock Down 3.5%

Shares of FANUY stock traded down $0.73 on Friday, reaching $19.95. The company’s stock had a trading volume of 465,759 shares, compared to its average volume of 519,930. The company has a market capitalization of $39.19 billion, a P/E ratio of 32.18, a PEG ratio of 2.74 and a beta of 1.04. Fanuc has a 12-month low of $13.60 and a 12-month high of $27.54. The stock’s 50 day simple moving average is $21.49 and its 200-day simple moving average is $21.28.

Fanuc (OTCMKTS:FANUY – Get Free Report) last posted its quarterly earnings data on Friday, July 31st. The industrial products company reported $0.17 earnings per share for the quarter, hitting the consensus estimate of $0.17. The company had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.47 billion. Fanuc had a net margin of 20.11% and a return on equity of 9.59%. Research analysts expect that Fanuc will post 0.68 EPS for the current year.

About Fanuc

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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.

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