Amada Co., Ltd. (OTCMKTS:AMDLY) Sees Significant Growth in Short Interest

Amada Co., Ltd. (OTCMKTS:AMDLY) was the recipient of a significant growth in short interest during the month of November. As of November 15th, there was short interest totalling 400 shares, a growth of 300.0% from the October 31st total of 100 shares. Based on an average daily volume of 200 shares, the days-to-cover ratio is presently 2.0 days.

Amada Stock Performance

OTCMKTS AMDLY remained flat at $37.85 during trading hours on Friday. Amada has a 52-week low of $36.63 and a 52-week high of $48.97. The firm’s 50 day moving average price is $41.39 and its two-hundred day moving average price is $42.67. The stock has a market cap of $3.23 billion, a price-to-earnings ratio of 13.19 and a beta of 0.29.

About Amada

Amada Co, Ltd., together with its subsidiaries, manufactures, sells, leases, repairs, maintains, checks, and inspects metalworking machinery, software, and peripheral equipment in Japan, North America, Europe, Asia, and internationally. It offers sheet metal fabrication machines, including laser machines, punch and laser combination machines, turret punch presses, press brakes, bending robots, and welders, as well as software solutions; general fabrication machines, such as shearing and deburring machines, corner shear, iron worker, AMS SPACE series, horizontal benders, tapping and fastener insertion machines, and environment related products; cutting fluids, lubricants, and other consumables; and a range of tools for bending and punching.