Fujitsu Limited (OTCMKTS:FJTSY) Sees Significant 20.5% Drop in Short Interest

Fujitsu Limited (OTCMKTS:FJTSY - Get Free Report) experienced a notable drop in short interest during March. As of March 15, the total number of shorted shares stood at 33,300, marking a reduction of 20.5% from the February 28 total of 41,900 shares. This indicates that only a very small percentage, approximately 0.0%, of the company’s shares are currently sold short. Considering an average trading volume of 347,900 shares, the short-interest ratio is at a mere 0.1 days.

Fujitsu Stock Performance

On Monday, shares of Fujitsu (OTCMKTS:FJTSY) opened at $20.50. The company has shown a 50-day simple moving average of $19.68, along with a two-hundred day simple moving average of $19.19. Fujitsu boasts a market capitalization of $38.63 billion, a price-to-earnings (P/E) ratio of 41.32, and a beta value of 0.95. The stock has a 52-week low of $13.95 and a 52-week high of $22.01. Additionally, the company maintains a quick ratio of 1.10, a current ratio of 1.37, and a low debt-to-equity ratio of 0.05.

Fujitsu reported its quarterly earnings on January 31, declaring an earnings per share (EPS) of $0.21 for the quarter. The company recorded a net margin of 8.72% and a return on equity of 17.48%. Analysts project that Fujitsu will reach an EPS of 0.81 for the ongoing fiscal year.

About Fujitsu Limited

Fujitsu Limited operates as an information and communication technology (ICT) firm both in Japan and internationally. The company’s operations are divided into three segments: Technology Solutions, Ubiquitous Solutions, and Device Solutions. Its services include multi-cloud and hybrid IT solutions, assessment and consulting services, SAP landscape transformation services, as well as hardware and software solutions including integrated systems, storage solutions, servers, and a variety of end-user workplace devices.

Investor Insights

If you are considering an investment, it is worth noting that while Fujitsu has a hold rating among analysts, various top-rated research analysts have highlighted five stocks they believe are better investment opportunities at this time.

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