Amada Co., Ltd. (OTCMKTS:AMDLY) Sees Significant Drop in Short Interest

Amada Co., Ltd. (OTCMKTS:AMDLY) was the target of a significant drop in short interest in the month of April. As of April 15th, there was short interest totalling 100 shares, a drop of 66.7% from the March 31st total of 300 shares. Based on an average daily trading volume, of 100 shares, the short-interest ratio is presently 1.0 days.

Amada Price Performance

AMDLY remained flat at $44.54 on Thursday. 87 shares of the company’s stock traded hands, compared to its average volume of 24. The firm has a market cap of $3.80 billion, a price-to-earnings ratio of 14.05 and a beta of 0.31. The business has a 50-day simple moving average of $44.68 and a two-hundred day simple moving average of $41.86. Amada has a twelve month low of $39.77 and a twelve month high of $48.97.

Amada (OTCMKTS:AMDLY) last posted its quarterly earnings results on Thursday, February 8th. The company reported $0.66 earnings per share for the quarter. The firm had revenue of $664.78 million for the quarter. Amada had a net margin of 9.74% and a return on equity of 7.36%.

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.