Fanuc Co. (OTCMKTS:FANUF) Sees Significant Increase in Short Interest

Fanuc Co. (OTCMKTS:FANUF) was the target of a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 2,697,400 shares, a growth of 19.5% from the March 31st total of 2,256,700 shares. Based on an average daily volume of 11,000 shares, the days-to-cover ratio is presently 245.2 days.

Fanuc Price Performance

Shares of OTCMKTS FANUF traded up C$0.34 during mid-day trading on Tuesday, hitting C$29.86. 55 shares of the company were exchanged, compared to its average volume of 6,024. The stock has a 50 day simple moving average of C$28.83 and a 200-day simple moving average of C$27.94. Fanuc has a 1-year low of C$24.10 and a 1-year high of C$37.94.

Fanuc Company Profile

Fanuc Corporation provides factory automation products in Japan, the Americas, Europe, China, the rest of Asia, and internationally. The company offers CNC series products, servo motors, lasers, robots, compact machining centers, electric injection molding machines, wire electrical discharge machines, and ultra-precision machines.