Keyence Corporation (OTCMKTS:KYCCF) Short Interest Update

Keyence Corporation (OTCMKTS:KYCCF) was the target of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 527,831 shares, an increase of 52.2% from the July 15th total of 346,886 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily volume of 6,320 shares, the days-to-cover ratio is presently 83.5 days.

Keyence Price Performance

Shares of KYCCF opened at $515.65 on Wednesday. The firm has a 50-day moving average price of $490.79 and a 200 day moving average price of $442.96. Keyence has a 12-month low of $316.20 and a 12-month high of $581.60.

Analyst Ratings Changes

A number of equities analysts have issued reports on KYCCF shares. The Goldman Sachs Group raised shares of Keyence from a “hold” rating to a “buy” rating in a research report on Thursday, May 28th. Zacks Research raised shares of Keyence to a “hold” rating in a report on Tuesday, May 19th. Finally, Erste Group Bank upgraded Keyence to a “strong-buy” rating in a research report on Tuesday, May 12th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Keyence currently has an average rating of “Buy”.

Keyence Company Profile

Keyence Corporation, established in 1974 by Takemitsu Takizaki and headquartered in Osaka, Japan, is a leading developer and manufacturer of automation and inspection equipment. The company focuses on delivering advanced technologies that improve manufacturing efficiency and quality control for a broad range of industries, including automotive, electronics, pharmaceuticals, food and beverage, and packaging.

Keyence’s product portfolio encompasses a variety of sensors, vision systems, laser markers, digital microscopes and measuring instruments.