Yaskawa Electric Corp. (OTCMKTS:YASKY) Sees Large Decrease in Short Interest

Yaskawa Electric Corp. (OTCMKTS:YASKY) was the target of a significant decrease in short interest in the month of August. As of August 14th, there was short interest totaling 1,797 shares, a decrease of 44.8% from the July 30th total of 3,258 shares. Based on an average trading volume of 14,675 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s shares are sold short.

Yaskawa Electric Trading Down 0.6%

Shares of OTCMKTS YASKY opened at $59.45 on Tuesday. The company’s 50 day simple moving average is $70.26 and its 200 day simple moving average is $70.61. Yaskawa Electric has a fifty-two week low of $38.37 and a fifty-two week high of $96.17. The firm has a market capitalization of $7.71 billion, a P/E ratio of 34.97 and a beta of 1.47. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.25 and a quick ratio of 1.21.

Yaskawa Electric (OTCMKTS:YASKY) last announced its quarterly earnings data on Friday, July 10th. The technology company reported $0.26 earnings per share (EPS) for the quarter. The firm had revenue of $875.77 million for the quarter. Yaskawa Electric had a net margin of 6.11% and a return on equity of 7.00%.

Analyst Ratings Changes

Separately, Citigroup upgraded Yaskawa Electric from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 11th. Three equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy”.

Yaskawa Electric Company Profile

Yaskawa Electric Corporation is a Japan‐based manufacturer of industrial automation equipment, specializing in motion control technology, robotics, and drive systems. The company designs and produces a range of products that include AC and DC servo motors, inverters, programmable logic controllers, welding robots and general-purpose industrial robots. Its offerings are used across diverse sectors such as automotive, electronics, food and beverage, pharmaceuticals, and logistics to improve productivity, precision and energy efficiency in manufacturing processes.

Founded in 1915 in Kitakyushu, Japan, Yaskawa Electric has evolved from a regional motor repair shop into a global provider of factory automation and mechatronic solutions.