Fujitsu Ltd. (OTCMKTS:FJTSY – Get Free Report) was the target of a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 48,094 shares, an increase of 167.1% from the May 14th total of 18,009 shares. Based on an average daily volume of 531,077 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are sold short.
Fujitsu Stock Down 3.8%
Shares of FJTSY traded down $0.80 during midday trading on Friday, reaching $20.49. 183,299 shares of the stock were exchanged, compared to its average volume of 290,543. Fujitsu has a 12-month low of $19.10 and a 12-month high of $30.05. The firm has a 50 day simple moving average of $21.59 and a 200-day simple moving average of $24.02. The company has a quick ratio of 1.62, a current ratio of 1.87 and a debt-to-equity ratio of 0.05. The company has a market cap of $35.98 billion, a price-to-earnings ratio of 45.53, a P/E/G ratio of 1.00 and a beta of 0.81.
Wall Street Analysts Forecast Growth
Separately, Jefferies Financial Group downgraded Fujitsu from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 18th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Fujitsu has an average 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.
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