Keyence Co. (OTCMKTS:KYCCF) Short Interest Down 52.8% in March

Keyence Co. (OTCMKTS:KYCCFGet Rating) was the target of a significant decrease in short interest in March. As of March 31st, there was short interest totalling 68,200 shares, a decrease of 52.8% from the March 15th total of 144,600 shares. Based on an average daily trading volume, of 8,800 shares, the days-to-cover ratio is presently 7.8 days.

Several brokerages recently issued reports on KYCCF. The Goldman Sachs Group upgraded Keyence from a “buy” rating to a “conviction-buy” rating in a report on Wednesday, January 5th. Zacks Investment Research downgraded Keyence from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 25th. One analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Keyence currently has a consensus rating of “Buy” and an average target price of $694.00.

Shares of OTCMKTS KYCCF opened at $447.40 on Thursday. Keyence has a one year low of $422.30 and a one year high of $711.32. The business’s fifty day moving average price is $470.06 and its 200-day moving average price is $556.33.

Keyence Company Profile (Get Rating)

Keyence Corporation, together with its subsidiaries, develops, manufactures, and sells factory automation solutions worldwide. The company offers photoelectric, fiber optic, laser, positioning, vision, and inductive proximity sensors, as well as network communication units used for presence/absence and part differentiation applications.

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