Amada Co., Ltd. (OTCMKTS:AMDLY) Sees Large Decline in Short Interest

Amada Co., Ltd. (OTCMKTS:AMDLY) was the target of a large drop in short interest in the month of October. As of October 31st, there was short interest totalling 100 shares, a drop of 75.0% from the October 15th total of 400 shares. Based on an average daily trading volume, of 100 shares, the days-to-cover ratio is currently 1.0 days.

Amada Stock Performance

Shares of OTCMKTS AMDLY opened at $42.96 on Thursday. The business has a fifty day moving average of $41.55 and a two-hundred day moving average of $43.13. Amada has a 52-week low of $38.20 and a 52-week high of $48.97. The stock has a market cap of $3.66 billion, a PE ratio of 14.27 and a beta of 0.29.

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.