Fuji Electric Co., Ltd. – Unsponsored ADR (OTCMKTS:FELTY) Sees Large Decrease in Short Interest

Fuji Electric Co., Ltd. – Unsponsored ADR (OTCMKTS:FELTY) was the recipient of a significant drop in short interest in the month of September. As of September 30th, there was short interest totaling 19,580 shares, a drop of 86.5% from the September 15th total of 145,131 shares. Based on an average trading volume of 39,909 shares, the short-interest ratio is presently 0.5 days. Currently, 0.0% of the company’s stock are sold short.

Fuji Electric Trading Up 3.4%

Shares of OTCMKTS FELTY traded up $0.77 during midday trading on Friday, hitting $23.59. 8,598 shares of the stock traded hands, compared to its average volume of 21,152. Fuji Electric has a one year low of $16.06 and a one year high of $27.96. The business has a 50 day moving average price of $21.96 and a two-hundred day moving average price of $21.20.

Fuji Electric Company Profile

Fuji Electric Co, Ltd. is a Japanese manufacturer of energy and industrial technology products. Founded in 1923 through a partnership between Furukawa Electric and Siemens, the company has developed into a global supplier of equipment used in power generation, transmission, distribution and industrial operations.

The company’s products and services include power semiconductors, inverters, variable-frequency drives, uninterruptible power systems, generators, transformers, switchgear and other power electronics.