What’s Next for YASKAWA ELECTRIC CORP ORDINARY SHARES (OTCMKTS:YASKF) After Having More Shares Shorted?

June 16, 2018 - By Vivian Currie

The stock of YASKAWA ELECTRIC CORP ORDINARY SHARES (OTCMKTS:YASKF) registered an increase of 65.6% in short interest. YASKF’s total short interest was 4.05 million shares in June as published by FINRA. Its up 65.6% from 2.45 million shares, reported previously. With 3,200 shares average volume, it will take short sellers 1267 days to cover their YASKF’s short positions. The short interest to YASKAWA ELECTRIC CORP ORDINARY SHARES’s float is 1.59%.

It closed at $40.3 lastly. It is down 0.00% since June 16, 2017 and is . It has underperformed by 12.57% the S&P500.

YASKAWA Electric Corporation engages in the motion control, robotics, system engineering, and other businesses in the Americas, Europe, the Asia Pacific, and Africa. The company has market cap of $10.48 billion. It makes and sells various AC drives, including general purpose AC drives, medium-voltage AC drives, system-use AC drives, and power regenerative units for use in cranes, fans, pumps, machine tools, conveyers, automated ware houses, and metal working machinery; system controllers for iron and steel systems, water and wastewater treatment, and paper-making/film/port cargo handling/fiber/printing; and rotary servo motors, direct drive servo motors, linear servo motors, linear sliders, machine controllers, motion adapters, and machine vision systems that are used in chip mounters, robots, and metal working machinery. It currently has negative earnings. The firm also offers arc and spot welding, painting, high-speed picking, LCD glass substrate transfer, and semiconductor wafer handling robots for semiconductor/liquid crystal manufacturing, arc welding, spot welding, palletizing, painting, and handling and assembly applications.

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