Fujitsu Ltd. (OTCMKTS:FJTSY) Short Interest Up 149.4% in June

Fujitsu Ltd. (OTCMKTS:FJTSY) was the target of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 88,703 shares, a growth of 149.4% from the June 15th total of 35,568 shares. Based on an average daily trading volume, of 979,228 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are sold short.

Fujitsu Stock Performance

Shares of FJTSY stock traded up $0.38 during trading hours on Thursday, hitting $20.04. 1,700,488 shares of the company were exchanged, compared to its average volume of 437,844. The company has a 50 day simple moving average of $20.84 and a two-hundred day simple moving average of $22.95. The firm has a market cap of $35.19 billion, a P/E ratio of 44.52, a P/E/G ratio of 0.95 and a beta of 0.81. Fujitsu has a fifty-two week low of $19.10 and a fifty-two week high of $30.05.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group cut shares of Fujitsu from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 18th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

Fujitsu Company Profile

Fujitsu Limited is a Tokyo-based multinational information and communication technology company that provides a broad range of technology products, solutions and services. Founded in 1935, the company has evolved from equipment manufacturing into a global IT services and systems integrator. Fujitsu’s offerings span consulting, application services, system integration, managed services, and business process outsourcing, targeting enterprise and public sector clients across multiple industries.

On the product side, Fujitsu develops and supplies computing hardware and infrastructure including servers, storage and networking equipment, as well as semiconductor and electronic components.