Amada Co., Ltd. (OTCMKTS:AMDWF) Sees Large Decrease in Short Interest

Amada Co., Ltd. (OTCMKTS:AMDWF) saw a significant drop in short interest in the month of April. As of April 15th, there was short interest totalling 147,700 shares, a drop of 45.6% from the March 31st total of 271,700 shares. Based on an average daily volume of 100 shares, the days-to-cover ratio is presently 1,477.0 days.

Amada Price Performance

Amada stock remained flat at $9.77 during midday trading on Friday. Amada has a one year low of $9.77 and a one year high of $10.71. The company has a 50 day simple moving average of $9.77 and a 200 day simple moving average of $9.86.

About Amada

Amada Co, Ltd., together with its subsidiaries, manufactures, sells, leases, repairs, maintains, checks, and inspects metalworking machinery, software, and peripheral equipment in Japan, North America, Europe, Asia, and internationally. It offers sheet metal fabrication machines, including laser machines, punch and laser combination machines, turret punch presses, press brakes, bending robots, and welders, as well as software solutions; general fabrication machines, such as shearing and deburring machines, corner shear, iron worker, AMS SPACE series, horizontal benders, tapping and fastener insertion machines, and environment related products; cutting fluids, lubricants, and other consumables; and a range of tools for bending and punching.