Yaskawa Electric Corp. (OTCMKTS:YASKY) Short Interest Down 44.8% in August

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

Analyst Upgrades and Downgrades

Separately, Citigroup upgraded Yaskawa Electric from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 11th. Three research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy”.

Yaskawa Electric Stock Performance

Shares of Yaskawa Electric stock opened at $59.80 on Monday. The company’s 50 day moving average price is $70.99 and its two-hundred day moving average price is $70.69. The firm has a market capitalization of $7.75 billion, a P/E ratio of 35.18 and a beta of 1.47. Yaskawa Electric has a fifty-two week low of $38.37 and a fifty-two week high of $96.17. 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 released its quarterly earnings data on Friday, July 10th. The technology company reported $0.26 earnings per share for the quarter. Yaskawa Electric had a return on equity of 7.00% and a net margin of 6.11%.The company had revenue of $875.77 million for the quarter.

About Yaskawa Electric

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.