Fujitsu Ltd. (OTCMKTS:FJTSY) Sees Significant Increase in Short Interest

Fujitsu Ltd. (OTCMKTS:FJTSY) was the recipient of a significant growth in short interest in April. As of April 30th, there was short interest totaling 57,010 shares, a growth of 358.9% from the April 15th total of 12,422 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 1,133,088 shares, the short-interest ratio is presently 0.1 days.

Fujitsu Stock Down 1.6%

Shares of OTCMKTS:FJTSY opened at $20.84 on Wednesday. The company has a market capitalization of $36.60 billion, a PE ratio of 46.31, a P/E/G ratio of 0.94 and a beta of 0.80. The company has a current ratio of 1.87, a quick ratio of 1.62 and a debt-to-equity ratio of 0.05. Fujitsu has a twelve month low of $19.10 and a twelve month high of $30.05. The firm has a 50 day simple moving average of $21.67 and a 200-day simple moving average of $24.77.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on FJTSY. Jefferies Financial Group downgraded shares of Fujitsu from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 18th. UBS Group upgraded shares of Fujitsu to a “hold” rating in a research note on Monday, January 26th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, Fujitsu currently has a consensus rating of “Hold”.

About Fujitsu

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.