Short Interest in Amada Co., Ltd. (OTCMKTS:AMDLY) Rises By 50.0%

Amada Co., Ltd. (OTCMKTS:AMDLY) saw a significant increase in short interest in the month of December. As of December 15th, there was short interest totalling 300 shares, an increase of 50.0% from the November 30th total of 200 shares. Based on an average daily trading volume, of 100 shares, the days-to-cover ratio is currently 3.0 days.

Amada Price Performance

AMDLY stock opened at $38.00 on Monday. Amada has a 52-week low of $36.63 and a 52-week high of $48.97. The company’s 50-day simple moving average is $39.86 and its 200-day simple moving average is $41.59. The firm has a market cap of $3.24 billion, a P/E ratio of 13.24 and a beta of 0.25.

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.