Fuji Electric Co., Ltd. – Unsponsored ADR (OTCMKTS:FELTY) Short Interest Up 517.4% in April

Fuji Electric Co., Ltd. – Unsponsored ADR (OTCMKTS:FELTY) was the target of a significant increase in short interest in the month of April. As of April 30th, there was short interest totaling 36,872 shares, an increase of 517.4% from the April 15th total of 5,972 shares. Based on an average daily volume of 75,971 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.0% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group lowered shares of Fuji Electric to a “sell” rating in a report on Monday, January 19th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Fuji Electric has a consensus rating of “Reduce”.

Fuji Electric Stock Performance

Shares of FELTY stock remained flat at $24.05 on Tuesday. 24,813 shares of the company were exchanged, compared to its average volume of 27,303. The company’s fifty day moving average price is $18.74 and its 200 day moving average price is $18.48. Fuji Electric has a 12-month low of $10.66 and a 12-month high of $24.08.

Fuji Electric Company Profile

Fuji Electric Co, Ltd. (OTCMKTS: FELTY) is a Japanese engineering company specializing in the design, manufacture and sale of power electronics, industrial automation systems and energy infrastructure equipment. Established in 1923 as a joint undertaking between Furukawa Electric and General Electric, the company has evolved to become a global supplier of power semiconductors, inverters, switchgear, motors and generators. Its product lineup spans a range of applications, from high-voltage transmission and distribution systems to factory automation and renewable energy solutions.

The company operates through several business segments, including Energy & Environment, Industrial Infrastructure, Power Electronics and Electronic Devices.