Harmonic Drive Systems Inc. (OTCMKTS:HSYDF) Short Interest Down 47.5% in August

Harmonic Drive Systems Inc. (OTCMKTS:HSYDF) was the recipient of a large decrease in short interest during the month of August. As of August 31st, there was short interest totaling 783,165 shares, a decrease of 47.5% from the August 15th total of 1,490,950 shares. Based on an average daily volume of 3,970 shares, the days-to-cover ratio is currently 197.3 days.

Harmonic Drive Systems Stock Down 3.0%

Shares of OTCMKTS HSYDF opened at $37.68 on Tuesday. The firm’s 50-day moving average is $39.97 and its two-hundred day moving average is $37.40. Harmonic Drive Systems has a 12-month low of $16.20 and a 12-month high of $57.16.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group raised Harmonic Drive Systems from an “underperform” rating to a “buy” rating in a report on Tuesday, June 16th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, Harmonic Drive Systems currently has an average rating of “Buy”.

About Harmonic Drive Systems

Harmonic Drive Systems Inc produces and sells precision control equipment and components worldwide. It offers speed reducers, rotary actuators, linear actuators, AC servo motors, and other mechatronics products, as well as otors, sensors, drivers, controllers, and other system elements. The company also provides HarmonicDrive, a speed reducer for space; high-precision planetary speed reducers under the AccuDrive and Harmonic Planetary brands; and high-performance gear heads for servo motors series.