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

Fanuc Corp. (OTCMKTS:FANUY) was the recipient of a significant drop in short interest during the month of May. As of May 29th, there was short interest totaling 48,700 shares, a drop of 45.0% from the May 14th total of 88,503 shares. Based on an average daily volume of 869,515 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Fanuc Stock Up 4.7%

Shares of Fanuc stock traded up $1.03 on Monday, reaching $22.94. 133,828 shares of the stock were exchanged, compared to its average volume of 474,851. The business has a 50 day moving average price of $22.30 and a two-hundred day moving average price of $20.62. The firm has a market capitalization of $45.07 billion, a price-to-earnings ratio of 38.88, a PEG ratio of 2.72 and a beta of 1.01. Fanuc has a twelve month low of $12.27 and a twelve month high of $27.54.

Fanuc (OTCMKTS:FANUY) last posted its quarterly earnings results on Friday, April 24th. The industrial products company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.04. Fanuc had a net margin of 19.41% and a return on equity of 9.15%. The company had revenue of $1.47 billion during the quarter, compared to analyst estimates of $224.28 billion. Research analysts forecast that Fanuc will post 0.67 EPS for the current year.

Fanuc Company Profile

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.