Short Interest in Fujitsu Ltd. (OTCMKTS:FJTSY) Increases By 149.4%

Fujitsu Ltd. (OTCMKTS:FJTSY) saw a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 88,703 shares, a growth of 149.4% from the June 15th total of 35,568 shares. Based on an average daily trading volume, of 979,228 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are short sold.

Fujitsu Stock Performance

FJTSY stock remained flat at $20.29 during trading on Wednesday. 1,026,206 shares of the company traded hands, compared to its average volume of 424,761. The stock has a 50 day moving average of $20.85 and a 200 day moving average of $23.00. Fujitsu has a 12-month low of $19.10 and a 12-month high of $30.05. The stock has a market cap of $35.63 billion, a PE ratio of 45.09, a price-to-earnings-growth ratio of 0.96 and a beta of 0.81.

Analysts Set New Price Targets

Separately, Jefferies Financial Group downgraded shares of Fujitsu from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 18th. Two research analysts have rated the stock with a Hold rating, Based on 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.