Short Interest in Fanuc Corp. (OTCMKTS:FANUY) Declines By 37.0%

Fanuc Corp. (OTCMKTS:FANUYGet Free Report) was the target of a large drop in short interest during the month of June. As of June 15th, there was short interest totaling 30,672 shares, a drop of 37.0% from the May 31st total of 48,700 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 1,263,455 shares, the short-interest ratio is presently 0.0 days.

Fanuc Price Performance

FANUY opened at $22.24 on Friday. The business has a fifty day simple moving average of $23.42 and a 200 day simple moving average of $21.11. The company has a market capitalization of $43.69 billion, a PE ratio of 37.69, a price-to-earnings-growth ratio of 2.82 and a beta of 1.03. Fanuc has a 1 year low of $12.27 and a 1 year high of $27.54.

Fanuc (OTCMKTS:FANUYGet Free Report) last posted its quarterly earnings data on Friday, April 24th. The industrial products company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.04. Fanuc had a return on equity of 9.15% and a net margin of 19.41%.The firm had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $224.28 billion. Equities analysts anticipate that Fanuc will post 0.66 earnings per share for the current fiscal 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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