Subaru Co. (OTCMKTS:FUJHY) Sees Large Increase in Short Interest

Subaru Co. (OTCMKTS:FUJHY) was the target of a large growth in short interest in December. As of December 31st, there was short interest totalling 18,000 shares, a growth of 5,900.0% from the December 15th total of 300 shares. Based on an average daily volume of 213,700 shares, the days-to-cover ratio is currently 0.1 days.

OTCMKTS:FUJHY opened at $9.54 on Friday. Subaru has a 1 year low of $8.64 and a 1 year high of $10.50. The firm’s fifty day simple moving average is $9.39 and its 200 day simple moving average is $9.52. The firm has a market capitalization of $14.68 billion, a PE ratio of 15.90, a PEG ratio of 0.32 and a beta of 0.62.

Subaru (OTCMKTS:FUJHY) last posted its earnings results on Friday, November 5th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.01. Subaru had a net margin of 3.31% and a return on equity of 5.51%. The business had revenue of $6.42 billion for the quarter, compared to analyst estimates of $6.15 billion. Equities analysts anticipate that Subaru will post 0.78 EPS for the current fiscal year.

A hedge fund recently raised its stake in Subaru stock. Parametric Portfolio Associates LLC boosted its position in Subaru Co. (OTCMKTS:FUJHY) by 26.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,994,150 shares of the company’s stock after buying an additional 417,278 shares during the quarter. Parametric Portfolio Associates LLC owned approximately 0.13% of Subaru worth $19,722,000 at the end of the most recent reporting period.

A number of research firms have recently weighed in on FUJHY. JPMorgan Chase & Co. upgraded shares of Subaru from an “underweight” rating to an “overweight” rating in a report on Tuesday, November 16th. Zacks Investment Research upgraded shares of Subaru from a “hold” rating to a “buy” rating and set a $11.00 price target on the stock in a report on Tuesday. Finally, UBS Group upgraded shares of Subaru from a “neutral” rating to an “outperform” rating in a report on Thursday, December 16th.

About Subaru

Subaru Corp. engages in the manufacture and sale of automobiles, aircraft, engine parts, and industrial machines. Its operations are carried out through the following segments: Automobile, Aerospace, and Others. The Automobile segment produces, repair, and sells passenger cars and automobile parts. The Aerospace segment manufactures, supplies, and repair airplanes and aerospace-related machineries and components.

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